Maine Public Employees’ Retirement System has approved a $100 million commitment to Farallon Capital Institutional Partners.
This is a multi-strategy fund that invests in merger arbitrage, risk arbitrage, credit, long/short equity, and direct investments.
Additionally, the board approved exiting its separately managed account with Audax Senior Debt, according to meeting minutes from the October 13 board meeting.
As of September 2022, the $17.8 billion Retirement System allocates approximately 5.8% to risk diversifiers. The policy target is 7.5%.
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