L.A. County To Seek Fund Of Hedge Funds

Oct 15 2010 | 12:36pm ET

The Los Angeles County Employees’ Retirement Association is readying a search for its first fund of hedge funds manager.

The $35 billion public pension will issue a request for information within the next several months, Pensions & Investments reports. The plan’s board is still working on the minimum qualifications for the mandate, which will be for between $300 million and $350 million.

Lisa Mazzocco, LACERA’s chief investment officer, said the pension would fund the new fund of funds allocation from its equities portfolio.

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