Institutional Investors Wrappers / Structures

Michigan Municipal Employees funds new 130/30 product with $25m


Michigan Municipal Employees Retirement System made an initial $25 million in a new 130/30 product offered by BRC Investment Management.

The new product, the BRC 130/30 Concentrated Equity strategy, is an extension of the Colorado firm's Concentrated Equity product that has been offered since 1996. Housed in the emerging manager program at the $5 billion pension fund, the strategy is now operational according to officials.

"In light of recent market events we will be using this programme to shore up our equity position by identifying managers positioned to succeed post crisis,"