Milford Pension and Retirement Board allocates $18 million to alternatives


2017-11-28 19:53:00

Searches and Hires

Milford (Conn.) Pension and Retirement Board made three investments or commitments totaling $18 million, recent board meeting minutes said.

The pension fund’s board at its Nov. 16 meeting approved a $10 million commitment to a collateralized loan obligation fund managed by GoldenTree Asset Management, a $5 million direct investment in hedge fund Beach Point Capital Opportunities Fund III, managed by Beach Point Capital Management, and a $3 million commitment to Zephyr Peacock India Fund III, a private equity fund managed by Zephyr Management.

The asset size of the pension fund was not available. Lynn Kelliher, benefits specialist and acting recording secretary for the board, referred questions to Christopher Cody, chairman of the board, who did not reply to requests for further information.

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