U.S. Plan Starts Managing Its Own Overlays, Considers Further Insourcing
May 5, 2021
The Maryland State Retirement and Pension System has started managing futures as part of overlay portfolios and may bring more instruments and asset classes in house. Like other U.S. public plans, Maryland’s has been questioning the fees charged by external managers and looking for economies of scale as it expands. The state system had USD63
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