StanCERA Seeks Absolute Return Replacement For Shuttered Invesco Fund

The Stanislaus County Employees’ Retirement Association is looking for a new liquid absolute return manager to replace its investment in the soon-to-be-closed Invesco Global Targeted Returns fund. The USD2.5 billion pension initially invested in the Invesco fund back in November 2021, as one of two funds that made up its 3% target allocation to liquid absolute return strategies, according to StanCERA’s October board meeting details.