Connecticut’s pension and trust funds are among four portfolios nominated by Institutional Investor magazine for its hedge fund portfolio of the year award, set to be announced Thursday evening.
Connecticut began investing in hedge funds in 2011, and its portfolio stood at $1.1 billion at the end of 2013, according to Treasurer Denise Nappier. The portfolio had a net return of 11.36 percent in 2013, outperforming several industry benchmarks, she said.
The state is competing for the honor with New York City’s and Texas’ retirement systems, and Pennsylvania’s public schools.
