Ann Arbor to Go the Alternative Route

June 30, 2008

After much back and forth on the issue, the $413 million Ann Arbor Employees' Retirement System will be allocating up to 10% of its total portfolio to alternative investments. According to recently released minutes of its May meeting, the Michigan plan approved the measure following years of education from its consultant Gray and Company. Just last May, Ann Arbor considered launching a foray into alternative investments (See IMW, 5/28/07).

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