Hedge Funds Institutional Investors

New Hampshire approves direct investment

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The $4 billion New Hampshire Retirement System has approved a plan to implement absolute return strategies via 12 individual managers.


New Hampshire State House


A recently approved 4% allocation to absolute return investments now includes roughly $125 million that will be split between five investment areas. The proposed implementation includes $40 million to four equity-linked funds; $33 million to two multi-strategy funds; $29 million to two credit-linked funds; $15 million to three trading funds; and $8 million to a single, event-driven fund.

New England Pension Consultants (NEPC) will be assisting the system in selecting the absolute