Louisiana Police Seeks New Fund Of Funds Manager

Mar 25 2010 | 11:19am ET

The Louisiana State Police Retirement System is canning UBP, opening to door to a new fund of hedge funds manager to take over the $10 million mandate.

The $372 million pension fund has short-listed about 10 managers, Pensions & Investments reports. It expects to choose a manager at its June 16 board meeting.

The system is ending its relationship with UBP due to performance and organizational issues, executive director Irwin Phelps told P&I.

The police pension has a 5% allocation to hedge funds. GAM is its other manager, also with a  $10 million mandate.


In Depth

Dillon Eustace: The Advantages of ICAVs

Feb 11 2016 | 7:51pm ET

As the growth of alternative investment vehicles continues, global asset managers...

Lifestyle

Citadel's Ken Griffin Donates $40M To New York's Museum of Modern Art

Dec 22 2015 | 9:23pm ET

Citadel founder Ken Griffin has donated $40 million to New York’s Museum of Modern...

Guest Contributor

Hedging Against Reputational Risk in the 21st Century

Feb 12 2016 | 7:18pm ET

For investors, the first step in researching a new fund or manager is to google...