Institutional Investors

Maryland prepares to award consulting mandate


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 billion. The firm selected would assist the chief investment officer and investment staff in the development of goals, strategy and objectives for the programme in addition to providing research analysis and recommendations.

Specifically in the