Iowa PERS Approves Portable Alpha Changes
By Marc Sorondo | April 1, 2009 | Leads Database
The Iowa Public Employees' Retirement System (IPERS) has approved suggestions made by consultant Wilshire Associates regarding changes to its portable alpha strategy, said Karl Koch, CIO with the $16.9 billion plan. The board decided to 'discontinue the enhanced cash portable alpha strategy with Smith Breeden Associates by taking off the S&P 500 futures 'beta' component and have the firm liquidate the remaining_ securities in the portfolio in an orderly manner,' Koch said. Robin Schoen, spokeswoman for Smith…
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