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Retirement office launches $285 million internal investment pilot, reports early cash-overlay gains
Summary
The Retirement and Investment Office said it launched an internal investment pilot in April with $285 million and an associated cash-overlay program that returned an estimated $2.3 million by mid‑May and will be expanded if successful.
Scott Anderson, Chief Investment Officer for the Retirement and Investment Office, told the advisory board the office rolled out internal investment technology in March and began a pilot in April with about $285 million of assets under internal management.
He described the pilot allocation as roughly $50 million in an internal equity index, $50 million in an internal fixed‑income index, $175…
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