Aon Hewitt alters Nephila rating as Arkansas fund prepares to swap to Pillar
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Aon Hewitt alters Nephila rating as Arkansas fund prepares to swap to Pillar

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The Arkansas Teacher Retirement System (ATRS) resolved on Monday to withdraw $41mn allocated to Nephila and reinvest $95mn with Bermudian manager Pillar, in order to rebalance its alternative portfolio and add in more diversification, board documents show.

The board plans to allocate 35% of its future ILS allocations to Pillar, with Aeolus holding the remaining majority allocation.

ATRS

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