Milwaukee County Workers’ Retirement System employed Neuberger Berman to handle between $40 million and $65 million in a volatility danger premium portfolio, stated Erika Bronikowski, director of retirement plan companies, in an e-mail.
The $1.9 billion pension fund issued an RFP in September for a supervisor to offer volatility danger premium companies to enhance present defensive fairness supervisor Parametric Portfolio Associates, Ms. Bronikowski stated.
Funding for Neuberger Berman’s portfolio will come from a discount in Parametric’s portfolio. Ms. Bronikowski couldn’t be instantly reached for additional data on the scale of the prevailing portfolio.
As of Nov. 30, Parametric’s portfolio had $79 million in belongings. As of that very same date, the pension fund’s precise allocation to hedged fairness was 8.4%. The goal is 9%.
Funding guide Marquette Associates assisted.