Wednesday, 2 September 2015
Last updated 54 min ago
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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…