Institutional Investors

Maryland set to complete consultant search, names trustee


Maryland Governor Martin O’Malley has appointed Robert Hagans to the board of trustees for the Maryland State Retirement and Pension System.

The $35 billion Maryland pension fund recently named Melissa Moye as its new chief investment officer. Trustees are also close to selecting an absolute return consultant after interviewing candidates in the past month.

The absolute return portfolio totals $1.6 billion and currently the retirement system has three global macro funds, one multi-strategy fund and two funds of funds. Managers in the portfolio include BGI Ascent, Bridgewater Pure Alpha, Mellon Global Alpha II, Rock Creek Potomac Fund, DGAM