Md. County Pension Picks Attalus

Nov 18 2011 | 2:27am ET

A county in suburban Baltimore's pension fund has invested $10 million with a Philadelphia fund of hedge funds.

The $1.3 billion Anne Arundel County Retirement and Pension System awarded the mandate to Attalus Capital. Attalus manages some $2.4 billion, exclusively for institutional investors.

Anne Arundel has also rejiggered its asset allocations, doing away with a specific absolute return and hedge funds portfolio. Instead, the pension will spread its hedge fund investments across its risk parity with alpha overlay, global tactical asset allocation and large-cap portable alpha categories, HFMWeek reports. Most the of the former 7% absolute return allocation will be moved into the risk parity portfolio.


In Depth

Electronifie: Better Bond Trading

May 11 2016 | 3:03pm ET

Technology has revolutionized countless aspects of investing and trading, but the...

Lifestyle

From Modern Trader: Stephen Curry is a Black Swan

May 18 2016 | 7:43pm ET

What do the rise of the Internet, the sinking of the Titanic, 9/11, and Stephen...

Guest Contributor

LendingClub and the Question of Internal Hedge Funds

May 19 2016 | 8:42pm ET

Peer-to-peer lending platform LendingClub Corp. has been in the news since the firm...