Maryland prepares to award consulting mandate

Fri Jun 3, 2011

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The Maryland State Retirement System plans to award an absolute return investment consulting services mandate this month after collecting responses from advisors in May.

The goal for the $36 billion pension plan is to choose one or more firms to provide consulting services for its $1.6 billion absolute return portfolio.

Maryland's strategic goal for absolute return strategies stands at 7% or roughly $2.5...

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