Mass PRIM: great returns, close trim

Sarah Rundell

July 31, 2013

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Michael Trotsky, executive director and chief inve

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core and none-core real estate strategies, cost-saving measures, directly owned properties, distressed debt, domestic equity, emerging market debt, equity allocation, executive director and chief investment officer of the Massachusetts Pension Reserve Investment Management Board (PRIM), fund-of-funds managers, hedge fund allocation, high yield bank loans, high-yield bonds, Michael Trotsky, MSCI World Ex-US IMI Index, PAAMCO, Pensions Reserves Investment Trust fund, portfolio volatility, portfolio-level leverage, PRIT, Project SAVE, real estate investment trust securitiesmoratorium on property-level debt, Russell 3000 Index, S&P 500 Index, shave costs, state legislature-set return

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