Thursday, 26 November 2015
Last updated 1 day ago
Feb 13 2007 | 3:38pm ET
The $2 billion Seattle City Employees' Retirement System is seeking requests for proposals from hedge fund and private equity consultants to analyze the city’s current portfolio and see how it compares to portfolios of other “sophisticated public pension systems and foundations.”
The system currently allocates 10% of its total capital to hedge funds, with most of that money invested in seven funds of funds and two single manager funds.
“We like the positions we currently hold and are not looking for a makeover,” according to the system. “We are seeking a resource to assist with the evaluation and due diligence of potential new investments, as well as performance monitoring of all holdings.”
The system currently has less than 1% of its total capital invested in private equity and is interested in increasing its exposure to private equity, and “will consider modifying its asset allocation to do so.”
The contract period is four years commencing June 1 and expiring May 31, 2011. Copies of the RFPs are available on the system’s Web site. The deadline for both RFPs is Feb. 23.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…