Institutional Investors

Missouri Public Schools considers boosting absolute return portfolio


The Public School Retirement System and Public Education Employee Retirement System of Missouri is understood to be considering a boost of between 4% and 10% as trustees overseeing the $26 billion investment portfolio discuss the current asset allocation.

The pension fund initiated a small allocation to hedge funds in 2007 and those investments produced a net return of just above 0% in the fiscal year ending 30 June 2008, while overall the system had a return of - 4.6%. Late last year, officials reviewed the investment portfolio that from the end of June through to the early part of