Institutional Investors

Maryland State hires Albourne


The Investment Division of the Maryland State Retirement Agency selected Albourne America to advise its staff on the state retirement system’s absolute return portfolio.

The $35.4 billion system had roughly $2.5 billion invested in its absolute return allocation as of the end of November. Albourne will act as an extension of the investment staff by providing non-discretionary advisory services on all of the Maryland State Retirement Agency’s absolute return investments, which are capped at 15% of plan assets. The current allocation represents 7% of plan assets.

“We look forward to working closely with Albourne in reviewing the existing