Maine Public Employees Retirement System, Augusta, approved an investment of up to $100 million in Farallon Capital Institutional Partners.
The $17.8 billion pension fund's board approved the investment in the multistrategy hedge fund managed by Farallon Capital Management at its Oct. 13 meeting, said James Bennett, chief investment officer, in an email.
As of June 30, the pension fund's actual allocation to risk diversifiers was 7.2%; the target is 7.5%.
Investments are subject to final due diligence, legal review and negotiations.
