Institutional Investors

San Diego County Employees adds global macro strategies

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The $7 billion San Diego County Employees' Retirement Association is growing the global macro/CTA segment of its asset allocators diversified strategy component with the addition of two BlackRock funds.

The BlackRock Global Ascent Fund received a $115 million allocation, while the newer BlackRock EM Macro Fund, which has less than a one-year track record investing in emerging markets, won a $35 million mandate. The BlackRock EM Macro Fund focuses on equities, bonds and currencies across the emerging market countries.

The Global Ascent Fund incorporates global equities, global bonds, foreign currency and commodities and was originally a BGI fund