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.


In Depth

'Smart Beta' Funds In Regulators' Sights, Hedgies May Be Next

Mar 26 2015 | 11:11am ET

Funds that mimic strategies used by active managers for a fraction of the cost could...

Lifestyle

Study: Both Marriage and Divorce Lead to Negative Hedge Fund Performance

Mar 25 2015 | 6:51pm ET

Trouble at home leads to trouble in the market for fund managers, according to researchers...

Guest Contributor

The Life Settlement: Yield For The Investor And Cash For The Consumer

Mar 31 2015 | 6:48am ET

Investors are languishing in a yield-starved, low-interest rate environment, looking...

 

Sponsored Content

    Mar 9 2015 | 6:35am ET

    Kelly RodriquesKelly RodriquesAs more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…

Editor's Note