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.

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