Saturday, 13 February 2016
Last updated 5 hours ago
Jun 29 2011 | 4:06am ET
The Los Angeles County Employees' Retirement System has named Grosvenor Capital Management its first fund of hedge funds manager.
Grosvenor will manage a $250 million customized fund of funds portfolio for the $38.9 billion public pension plan, Pensions & Investments reports. The decision came at LACERA's June 8 meeting.
LACERA issued a request for information from fund of funds managers in January.