Connecticut Retirement Plans & Trust Funds, Hartford, agreed to make a commitment of up to an aggregate $175 million to three hedge fund-of-funds managers for the Connecticut Horizon Fund portfolio, confirmed Denise Nappier, the state treasurer and principal fiduciary for the $27.1 billion state pension system, in an e-mail.
Appomattox Advisory, Grosvenor Capital Management and Morgan Stanley Alternative Investment Partners were selected. Mandate sizes have not been determined.
The Connecticut Horizon Fund provides opportunities for Connecticut-based and emerging investment management firms as well as investment firms owned by women and minorities.
The commitment is pending successful contract negotiations.
Ms. Nappier announced the commitment Tuesday at a meeting of the investment advisory council, which advises the treasurer on investment policies.