Big Apple Hires Hedge Funds Chief

Apr 5 2011 | 8:51am ET

With a trio of New York City pension funds making their first forays into hedge funds, the city’s comptroller has hired a person to oversee them.

Neil Messing has been named senior investment officer for hedge funds at the Big Apple’s five public pension funds, a new post. He will manage the hedge fund portfolio, reporting to equities chief Seema Hingorani.

Messing joins from Unigestion’s U.S. division, based in Jersey City, N.J.

Over the past month, the New York City Police Pension Fund, New York City Employees Retirement System and New York City Fire Department Pension Fund have invested a combined $450 million with fund of hedge funds Permal Group, a first for all of them.

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