Wednesday, 17 December 2014
Last updated 7 hours 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
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