Iowa Set For $600 Million Fund Of Hedge Fund Search

Jun 29 2007 | 11:19am ET

The $20 billion Iowa Public Employees Retirement System will issue a request for proposals on Aug. 1 for fund of hedge funds managers as the final stage of the system’s portable alpha program implementation.

The system is looking to “evaluate low volatility fund of hedge funds products suitable for use in a portable alpha program,” according to Julie Economaki, a spokeswoman. It may commit as much as $600 million to the new mandate.

As part of the system’s portable alpha program, IPERS’ investment board this week approved the recommendation of the evaluation committee to hire Mellon Capital for its global multi-strategy, multi-asset class portable alpha mandate. It is estimated that the mandate will be approximately $400 million.


In Depth

Q&A: MackeyRMS's Chris Mackey On A High Tech Fix To Broker Votes

Jun 23 2017 | 8:17pm ET

The looming implementation of the EU’s MiFID II rules regarding research has put...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Steinbrugge: Asia-Focused Hedge Funds Offer Great Opportunities

Jun 23 2017 | 3:33pm ET

Emerging market strategies have outperformed their developed-market peers for five...

 
Error

From the current issue of