Connecticut Retirement Plans & Trust Funds has allocated $200 million to two hedge funds, Pensions & Investments reports. Prisma Capital Partners and Rock Creek Group have each received $100 million from the system.
The $24.5 billion system will initially finance the hedge funds of funds from its emerging markets debt, domestic equity and developed markets international equity portfolios. Permal Group, Blackstone Group and K2 Advisors may also receive $100 million each from the pension fund.
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