Retirement Systems of Alabama, Montgomery, added euro-denominated corporate bonds to its portfolio, a first for the $24 billion pension fund, said Allen Webb, fixed-income analyst. Earlier this week, the fund participated in a 150 million euro ($154.7 million) offering by Staples, 25 million euros of which was earmarked for U.S. investors because it complied with SEC regulations. Mr. Webb declined to reveal how much of the deal the fund bought. The system’s international bond portfolio is now close to $200 million.
Retirement Systems of Alabama, Montgomery, added euro-denominated...
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