Public pension fund could consider more Michigan-based investments

The Municipal Employees’ Retirement System (MERS) of Michigan recently led a $9.8 million investment round in Michigan-based Grand River Aseptic Manufacturing (GRAM), and may look to investments in its home state a little more frequently. “We look around the globe to make investments, and we like what we’re seeing in Michigan,” said Jeb Burns, chief investment officer at MERS. “While it’s not an explicit program, we are taking a closer look simply because we like the competitive landscape the state finds itself in at this time.” MERS and GRAM connected when The Charter Group learned the pension fund wanted to look at options for an investment, said Dale Grogan, Charter Vice President, adding that the firm hopes to pitch additional investment prospects to MERS in the future. “MERS is a very large institutional investor, and if they invest into more Michigan-based companies, that is probably good for all of us,” he said.  Read more at MiBiz

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