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PERF diversifies another $50M

March 22, 2007

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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