Two Massachusetts town pension plans have issued RFPs for funds of hedge funds to manage opportunistic co-investment strategies.
The Worcester Retirement System is looking to invest approximately $20 million to $25 million with an experience manager of hedge fund of funds portfolios that have exceeded $1 billion in capital and have been in operation for at least five years. The $977 million system currently has an allocation of 3% to a bucket made up of portfolio completion strategies, hedge funds and GTAA strategies. Currently the pension system is not allocated to hedge funds.
Meanwhile . . .
Continue Reading
Unlock this article instantly, along with the rest of our premium content and benefits including daily/weekly/monthly newsletters.
Monthly
$30
A pay-as-you-go plan to get you started
→ Instantly unlock all new and archived articles
→ Daily, weekly and monthly e-mail newsletters
→ Access to the weekly AW Deal Watch by AW Research
Annual
$300
Get more for less - 20% discount over monthly
→ Everything in Monthly PLUS:
→ Access to articles and data from AW Research
→ AW Annual Investor Compendium – our comprehensive guide to investor activity, with a ranking of the most active investors for the year and profiles of the top global allocators
