Tuesday, 27 January 2015
Last updated 9 hours ago
Jan 14 2011 | 10:35am ET
The Los Angeles County Retirement Association is dipping its toes into the fund of hedge funds space. The $36 billion public pension has issued a request for information from funds of hedge funds.
LACERA said it plans to allocate $250 million to funds of funds after taking a hard look at several managers offering customized portfolios. The plan set minimum requirements of $5 billion in assets under management, more than $3 billion from institutional clients and more than $1 billion in customized portfolios. Interested managers should also have at least seven years' experience.
The deadline for responses is Jan. 21. The RFI is available on the system's Web site.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…