IPERS hunts for global macro manager for portable alpha strategy

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US - The Iowa Public Employees Retirement System (IPERS) is searching for a manager to run a global multi-strategy, multi-asset class investment portfolio that will provide the "alpha" in a portable alpha strategy.

IPERS plans to allocate US$200,000. The product must not have a beta objective and must deliver returns above a cash benchmark. It should also have a risk objective of 5% or less, IPERS said. ...

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