Baltimore’s Fire & Police pension’s direct fund investments boost PE performance


horse racing, Preakness Stakes
Victor Espinoza aboard California Chrome celebrates winning the 139th Preakness Stakes at Pimlico Race Course. Tommy Gilligan-USA TODAY Sports
Baltimore Fire & Police Employees’ Retirement System’s strategy of investing directly in private equity funds is generating strong performance, a presentation by its investment adviser, Summit Strategies Group, said. The pension system began investing in PE in 2005, and the PE portfolio construction has ...

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