Delaware PERS Redeems BLK Index Funds, Invests $500M in Hedge Funds

The Delaware Public Employees’ Retirement System board has voted to redeem $350M in index fund investments, investing those proceeds and additional cash in hedge fund managers Cantillon Capital Management and Viking Global.

The pension disclosed in recently published documents from its September 17 investment committee meeting that it has opted to redeem $230M from the BlackRock S&P 500 Index Fund and $120M from the BlackRock MSCI ACWI ex-US Index Fund. In turn, it has opted to invest $350M with Cantillon Global Equity and $150M with the Viking Long Fund.

According to Dakota data, the Delaware PERS has a market value of $13.69B in managed assets.

For more public pension insights and a comprehensive library of public plan minutes, book a demo of Dakota Marketplace!

Written By: Dakota

Related Content

Illinois Municipal Commits $451.9M to Alts, Redeems Three Int’l Equity Mandates
January 02, 2025

Delaware PERS Redeems BLK Index Funds, Invests $500M in Hedge Funds
October 21, 2024

Norwalk City Employees Increases Target to Core Fixed Income
August 09, 2024

Virginia RS Commits to Alts; Closes Low Volatility Investments
February 13, 2024

Florida SBA Q4 2023 Commitments
February 12, 2024

The Database For Cold Outreach to Reach Institutional and RIA Investors

Book A Demo

Delaware PERS Redeems BLK Index Funds, Invests $500M in Hedge Funds

Subscribe

Related Content

The Database For Cold Outreach to Reach Institutional and RIA Investors

Address

Products & Services

Resources

Events

Company