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

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...