Alabama’s Employees Retirement System pension fund earned only a 2.78% rate of return during the fiscal year that ended Sept. 30, but Retirement Systems of Alabama CEO David Bronner pointed out that the figure was skewed by a “really rotten first quarter.”
Värde Partners, a leading global alternative investment firm, today announced it has raised its 13th flagship vehicle, Värde Fund XIII, with $2.47 billion in commitments.