(updated with correction)
Eastman Kodak Co., Rochester, N.Y., is investing in AlphaEngine Global Investment Solutions' new SMART Alpha investment strategy.
The Kodak Retirement Income Plan is the first investor in the strategy.
Timothy Bond Barrett, Kodak's director, pension investments worldwide, confirmed the investment in an e-mail but said he could not disclose the size of the mandate.
The SMART Alpha approach is a GTAA/macro strategy that uses equities, fixed income, FX and commodities.
The Kodak Retirement Income Plan had an estimated $4.8 billion in assets as of Sept. 30, according to Pensions & Investments.
The Kodak plan “has a long and positive history of implementing innovative investment strategies,” Mr. Barrett said in a news release from AlphaEngine. “As a corporate pension plan, we need strategies that can generate strong returns which truly diversify asset risk and have a positive correlation to liabilities.”