Institutional Investors

Kentucky Retirement to replace Arrowhawk

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The $15 billion Kentucky Retirement System will need to decide how it will reallocate $100 million that it had placed with multi-strategy manager Arrowhawk, which announced its plans to close down following difficulty in reaching an ideal asset size for its platform aims.

According to Kentucky’s chief investment officer T.J. Carlson, the pension fund is currently reviewing its options, performing due diligence updates and examining the absolute return programme for the best course of action. He added that staff will be discussing the issue at its February 7 investment committee meeting once a firm recommendation is formulated.

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