Institutional Investors

LASERS adds Bridgewater for global macro flavour

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Trustees of the $8 billion Louisiana State Employees’ Retirement System have approved investments in the Bridgewater Pure Alpha Major Markets fund, which is part of the global macro segment of the hedge fund programme.

The investment committee is understood to have approved that any distributions from the current $184 million allocation to the Bridgewater Pure Alpha fund be transferred to the new fund. The pension fund currently has a 10% target allocation to absolute return strategies that is invested in funds of funds, multi-strategy, risk parity and global macro strategies. Bridgewater’s All Weather