New GPs should be ‘pleasantly persistent’ to get state pension money

Perseverance, tenacity, mountain, climb, never give up
Mountain climber photo courtesy of Wanphen Chawarung, ShutterStock.
New York State Common Retirement Fund
  • AUM: $207 bln
  • PE Allocation: 7.6 pct actual as of December 2017
  • Amount committed to EMs: $6.2 bln since 1994
  • Number of EM relationships: 121
  • Why this is important: This story offers insights into two large state pensions, which new managers can find difficult to navigate.
If you want to source money from Maryland State Retirement and Pension System, you better bring your A game. The system, which is open to working with emerging managers, generally re-ups to its bevy of existing GPs, said Dana Johns, senior ...

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