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The Connecticut State Retirement and Trust Funds (CRPTF) is looking to initially invest $75 million to $100 million within real estate and $50 million to $75 million within infrastructure and natural resources annually.
Most recently, Ted Wright was a principal investment officer and head of global equity at the $70 billion Los Angeles County Employees Retirement Association.
The two largest pension funds – the Teachers’ Retirement Fund and the State Employees’ Retirement Fund – saw their net market values grow by $1.5 billion and $1.3 billion, respectively.
The Connecticut Retirement Plans and Trust Funds owns a small portion of Tesla, which has been trying to win state approval to sell its cars in Connecticut for the past several years.
The Connecticut Retirement Plans and Trust Funds, which owns a part of the automaker, maintains conflicts of interest among other concerns.
Aon Hewitt, which had been the CRPTF's general investment consultant since 2011, will continue as the investment consultant for the Connecticut Higher Education Trust, the state’s 529 college savings program.