The State of Wisconsin Investment Board (SWIB) has assigned $600 million to two risk parity strategy managers as part of its multi-asset allocation within the Wisconsin Retirement System (WRS), Global Pensions reports. The board has allocated $300 million each to AQR Capital Management and Bridgewater Associates’ All Weather vehicle.
The move is part of a strategy that SWIB approved in 2010 to help provide additional diversification for WRS Core Trust Fund. SWIB’s trustees have also approved an $80 million allocation to a new venture capital vehicle, which is expected to be in operation by the second quarter of 2011.
Click here for the story from Global Pensions.