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SCRS awards investment mandate to D. E. Shaw28/07/2008. Source: AltAssets. 
 US pension fund South Carolina Retirement System has awarded a strategic relationship mandate to asset management firm the D. E. Shaw group. As part of the mandate, SCRS allocated capital to be invested across the D. E. Shaw group's alternative and benchmark-relative strategies.
Trey Beck, a managing director of D. E. Shaw, said, 'This is a very exciting opportunity, and we look forward to leveraging our investment experience for the benefit of the retirees of the state of South Carolina.'
Bob Borden, CIO of SCRS, added, 'We look forward to enhancing and diversifying our investments with the D. E. Shaw group through an array of absolute return, direct capital, private equity, real estate, long-only and 130/30 opportunities.'
D. E. Shaw has approximately $39bn in assets under management. The firm has offices across the US and also in London, Bermuda, Mumbai, Gurgaon, Hyderabad and Hong Kong.
SCRS is responsible for investing and managing more than $29bn in assets.
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