General Motors Investment Management is gearing up to market its specialized investment strategies to other pension funds, and will begin selling its products in the third quarter, W. Allen Reed,president and chief executive officer of GMIMCo, said in a joint interview with B. Jack Miller, vice president business development.
The first offerings have been culled from the programs GMIMCo uses for the $128 billion in assets it has under management.
Investments for outside clients will be made alongside those made for GM assets.
In public markets, the firm will offer eight specialty funds, each to be structured as a commingled fund using a multimanager
approach. They are: high-quality fixed income; high-yield fixed income; international fixed income; emerging debt; international equity; emerging markets equity; global tactical asset allocation; and income (which will be available only to defined contribution plans all other products will be available to both defined benefit
and defined contribution plans).
Private markets offerings will be limited partnerships in venture
capital and buyout funds; and in real estate, limited partnerships in core real estate, opportunistic real estate and REITs.