Institutional Investors

Connecticut begins absolute return hunt


The Connecticut State Retirement Plans and Trust Funds are finally moving forward with hedge fund plans following the board approval of the system's alternative investment fund construction.

Lee Ann Palladino, deputy chief investment officer for the $20 billion pension fund, presented the recommendation for the structure of the portfolio at the November trustee meeting along with Jaeson Dubrovay, senior consultant at New England Pension Consultants, and Cynthia Steer, managing director of RogersCasey. Palladino provided project plans, timelines and evaluation/selection criteria for a search for absolute return strategies manager and real asset