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

The Importance of Stability in the Evolving Hedge Fund Administration Market

Oct 5 2015 | 8:17pm ET

Hedge fund administration has evolved from simple record keeping to an integral,...


Citadel's Griffin Reaches Settlement in Contentious Divorce

Oct 8 2015 | 10:14pm ET

Billionaire hedge fund manager Ken Griffin and his wife have settled a long-running...

Guest Contributor

Hedge Fund Marketing To Independent RIA Firms

Sep 30 2015 | 1:56pm ET

In this contributed article, Bruce Frumerman of Frumerman & Nemeth Inc. explains...


Editor's Note