San Joaquin County Employees’ Retirement Association, Stockton, Calif., hired AQR Capital Management and P/E Investments as alternative risk premium managers, pending successful negotiations of terms, said recently released board meeting minutes.
Information on the allocation sizes and funding sources are not yet publicly available, said CEO Annette St. Urbain in an e-mail.
The allocation will fall under the $2.4 billion pension fund’s new crisis risk offset asset class, which has a target of 20% of the overall pension fund portfolio.
