Wednesday, 27 May 2015
Last updated 2 hours ago
Jul 22 2010 | 12:45pm ET
Philadelphia’s city pension plan is looking for as many as a dozen hedge fund managers to fill up to $140 million in mandates.
The City of Philadelphia Municipal Pension is seeking single-manager funds across an array of strategies for a series of $10 million to $15 million mandates, HFMWeek reports. The pension also hopes to hire a hedge fund officer for its investment team.
The Philadelphia Board of Pensions and Retirement recently increased the $3.5 billion fund’s hedge fund allocation to 10%, from 6%.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by partcipating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…