Wednesday, 24 August 2016
Last updated 6 min ago
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.