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Maryland State Retirement System Returns 8% for Fiscal 2018

Private and public equities lead the way with double-digit gains.

By Chris Butera

The Maryland State Retirement & Pension System returned 8% on its investments in fiscal 2018, growing its assets by $2.8 billion, to $51.9 billion.

The 8% return also surpassed the 7.5% assumed actuarial rate.

Top assets were private and public equities, which returned a whopping 19.64% and 10.66%, respectively. The fund for state teachers and government workers for allocates 12.5% to private equity and 37.5% to public equity.

Real assets were next at 8.16%, followed by absolute return’s 3.26%. Credit returned 2.31%, and with a fifth of the assets, rate sensitive holdings gained 0.55%. Real assets, absolute return, and credit consist of 11.9%, 8.4%, and 8% of the fund’s portfolio.

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The rest of the Maryland pension system’s holdings were in cash.

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Home > News > Corporate Moves > Andrew Allright Named CEO of State Street’s Hedge Arm
Corporate Moves

Andrew Allright Named CEO of State Street’s Hedge Arm

Allright replaces InfraHedge’s co-founder Bruce Keith, who left in January.

By Chris Butera

Andrew Allright



State Street’s Andrew Allright has been promoted to chief executive officer of InfraHedge, the custody bank and asset manager’s $30 billion hedge fund arm.

Allright replaces Bruce Keith, a co-founder of the division who departed in January to focus on his fintech startup. Keith had been with the firm for nearly eight years. Allright has been with the hedge subsidiary since day one, when it was a start-up, according to his LinkedIn. He will now be responsible for the product development, operating model, and reporting design and execution of the London-based organizations solutions for its clients.

He is also the trustee and director of the MondoChallenge Foundation, which provides education and social development to rural areas in Nepal, Tanzani, and northeast India.

George Sullivan, global head of State Street’s alternative investment solutions business embraced the change, and noted that the popularity of managed accounts is growing among institutional investors. “I look forward to Andrew and his team driving it through the next stage of its development by taking advantage of the attractive market environment,” he said.

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