Alameda County Employees' Retirement Association, Oakland, Calif., committed $170 million to CFM Institutional Systematic Diversified Fund, an open-end opportunistic alternative risk-premium fund, said Agnes Ducanes, administrative specialist, in an email.
The $8.7 billion pension fund allocated the commitment to the fund managed by Capital Fund Management to its absolute-return asset class.
As of Dec. 31, the pension fund's absolute-return allocation was 3.7%; the target is 9%.
