Texas Pension Plan Seeks Hedge Fund Consultant

Nov 8 2010 | 6:59am ET

The Employees Retirement System of Texas is searching for a hedge fund consultant to help implement the pension plan’s absolute return program.

The $22 billion ERS on Friday announced its request for proposals for a consultant, which will be tasked with overseeing “program development, customized portfolio construction, ongoing risk management and reporting, identification of investment opportunities, screening and partnership due diligence, and general assistance related to the program.”

To quality for the mandate, firms must be registered investment advisors, have a minimum five-year history of providing hedge fund advisory services to clients of similar asset size to ERS, demonstrate continuity of key personnel, have large public fund experience, and offer a reasonable fee schedule.

Proposals are due Nov. 30.. The RFP can be viewed here (PDF).


In Depth

GSAM’s Papagiannis on Liquid Alternatives

May 25 2016 | 5:07pm ET

The popularity of liquid alternatives strategies has blossomed in recent years,...

Lifestyle

From Modern Trader: Stephen Curry is a Black Swan

May 18 2016 | 7:43pm ET

What do the rise of the Internet, the sinking of the Titanic, 9/11, and Stephen...

Guest Contributor

LendingClub and the Question of Internal Hedge Funds

May 19 2016 | 8:42pm ET

Peer-to-peer lending platform LendingClub Corp. has been in the news since the firm...