INTRODUCTION
|
| |
| |
|
|
|
|
-
On August 31st, PERAC published an Investment Best Practices Manual to provide retirement boards with information on how best to manage their operations, exercise their investment functions, and generally carry out their fiduciary duty.
|
|
-
An
article, “An
Overview on Hedge Funds”,
written by Bob Dennis, PERAC’s Investment
Director, is featured on the Public Pensions
Online Web site. In this article, Mr. Dennis
discusses some fundamentals about hedge
funds and their unique industry.
|
|
|
The Investment Unit is responsible for the regulatory
oversight of the investment portfolios of the Massachusetts
Public Retirement Systems. The 107 systems had a combined
market value of $50.3 billion as of December 31, 2004.
The Investment
Unit has published an Annual Investment Report since
1985 that provides retirement boards, public officials,
investment managers, and other interested parties
with information pertaining to the performance of
the boards’ investment portfolios. For each retirement
board, the Report provides both historical and current
year investment performance as well as actuarial
data and other basic information. The Report also
includes a list of the investment managers serving
the system.
The Investment
Unit is responsible for reviewing investment exemption
applications and supplementary regulation requests.
The Unit
also publishes periodic financial market reviews and
commentaries and it provides a program of investment
education to the boards. |
| |
| |
|
|
