US - The $2.9bn General Retirement System of the City of Detroit has increased Mount Lucas Management's (MLM) diversified futures mandate by $5m, bring the total up to $20m.
The Detroit fund made an initial $10m commitment to MLM in 1997, a total that has grown to $15m from market performance, according to Ray Ix, senior vice president. The fund was advised by New Engl...
To continue reading this article...
Join Professional Pensions
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date
