Connecticut State Treasurer Shawn Wooden at yesterday’s Investment Advisory Council meeting announced the decision to award the hedge fund risk mitigating strategy investment advisor mandate to fund of hedge fund firm K2 Advisors.
In the running against BlackRock Alternative Advisors and The Rock Creek Group, K2 was selected for the new strategic asset allocation that will see the firm’s relationship move from a multi-manager role within the Alternative Investment Fund (AIF) to a consulting role. The new mandate for the roughly $1 billion portfolio includes conducting due diligence on prospective investment managers, including an . . .
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