Philly Seeks Single-Manager Hedge Funds

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%.


In Depth

An Interview With Harvest Volatility Management's Rick Selvala

Mar 23 2017 | 5:39pm ET

Several years of extremely low interest rates have pushed some investors into equities...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

SEI: Private Debt Coming Into Its Own

Mar 8 2017 | 9:24pm ET

The explosive growth of private debt over the past few years has caused the lines...