Tuesday, 24 May 2016
Last updated 24 min ago
Feb 9 2012 | 3:51am ET
A $12.7 billion Louisiana pension is set to take the next step towards its first hedge fund investment.
The state's Teachers' Retirement System will begin a search for a hedge fund consultant next month, Pensions & Investments reports. The move follows the system's decision to allocate 2% to hedge funds last year.
TRS' board is expected to approve the request for proposals on March 6. The hired consultant will be entrusted with the decision of whether the system should employ funds of hedge funds or direct investments in the space.