Wednesday, 25 May 2016
Last updated 8 min 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%.