L.A. County Picks Grosvenor For Fund Of Funds Mandate

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.


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