Institutional Investors

Multi-strategy manager Arrowhawk closure hits Kentucky Retirement

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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 a multi-strategy manager. Arrowhawk announced its plans to close following difficulty of 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 7 February investment committee meeting once a firm