Asset Owner Directory

Maryland State Retirement

The Maryland State Retirement and Pension System (SRPS) administers death, disability and retirement benefits on behalf of more than 405,000 members. These include active and former State employees, teachers, State police, judges, law enforcement


United States



Performance (%, 1YR)


Chief Executive

Martin Noven

Chief Investment Officer

Andrew Palmer


Peter Franchot

Asset allocation

28.4% Public Equity

0.4% Multi-Asset

21.5% Private Equity

19% Rate Sensitive

7.8% Credit

0.5% Cash

7.2% Absolute Return

11.1% Real Estate

4.1% Natural Resources & Infrastructure related articles
Investor Profile

Maryland’s record year prompts actuarial rate reduction

Maryland State Retirement  and Pension System is the latest fund to record an historical performance for the 2021 financial year, returning a best ever 26.7 per cent. Again public and private equities were the star performers with an exceptional 51.85 per cent return in private equity and 44.54 per cent in public equities  But in recognition there might be a bill to pay for those higher returns in the future the fund has lowered its actuarial rate of return.

Firearms Principles provide a target

A coalition of 13 institutional investors, led by the California State Teachers’ Retirement System, has crafted principles for engaging with entities that manufacture, sell or regulate guns in a way that fosters a responsible civilian gun industry and reduces risk. The guidelines are intentionally flexible so each organisation can apply them in accordance with its own models for engagement.
Asset Owner Directory