Asset Owner Directory

Maryland State Retirement

The 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

Country

United States

AUM ($B)

$68

Performance

26.7

Chief Executive

Martin Noven

Chief Investment Officer

Andrew Palmer

Chair

Nancy Kopp

Asset allocation
The investment division is responsible for investing the assets of the system. The investment portfolio is diversified into several asset classes and holds a number of investments within each asset class. In the long run, a well-diversified portfolio determines the long-term performance and ensures that any weaknesses in one area are offset by gains in another. The Board has adopted a strategic asset allocation policy that targets the percentage of funds to be invested in each asset class.

35.6% Public Equity

1.0% Multi-Asset

17.1% Private Equity

15.9% Rate Sensitive

9.2% Credit/Debt Strategies

1.4% Cash

8.7% Absolute Return

11.2% Real Assets

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