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Indiana Public Employees’ Retirement Fund has launched a $50 million fund as it continues to diversify its $16.1 billion in assets into alternative investments. Investment Fund A increases the Indiana Investment Fund that PERF created last year to $155 million.
In August, PERF decided to diversify 15 percent, from 5 percent, of its $16.1 billion in assets into alternative investments to gain a better overall return.
Early this year, the fund spread another $165 million across four funds as part of the diversification.
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