IPERS Increases Exposure To Systematic Bank Premia

The USD43 billion Iowa Public Employees’ Retirement System has been growing allocations in its USD250 million alternative risk premia program through systematic bank premia via swaps in recent months. Sriram Lakshminarayanan, chief investment officer at IPERS in Des Moines, said the plan has increased its existing exposures but has not added notable new premia to its ARP program.