Updated with correction
Connecticut Retirement Plans & Trust Funds, Hartford, selected two managers to run $1 billion in three strategies as part of its expanded and enhanced emerging and diverse managers program, said an announcement from the office of Shawn T. Wooden, state treasurer and principal fiduciary of the $37 billion state pension plan.
The CRPTF also hired two fixed-income managers to run $125 million and committed $100 million to one real estate fund.
At the state investment advisory council’s Wednesday meeting, Mr. Wooden said Attucks Asset Management was hired to manage $500 million in a global fixed-income strategy, while Rock Creek Group was selected to run $300 million in emerging markets equities and Xponance Asset Management to run $200 million in developed international equities.
The search was launched in March as part of the state's new Connecticut Inclusive Investment Initiative, or "C3," which plans to double its target allocation to diverse managers across all asset classes.
Also at the meeting, it was announced that Advent Capital Management and Calamos Advisors were selected to manage $93 million and $32 million, respectively, in convertible bond strategies.
Finally, Mr. Wooden also announced his decision to commit $100 million to value-added real estate fund Waterton Residential Property Venture XIV.
