Calif. County Eyes Albourne For Consulting Mandate

Apr 26 2012 | 2:29am ET

Albourne Partners will get its chance to win over a southern California pension fund next month.

The $2.8 billion Kern County Employees' Retirement Association will interview the firm on May 16. If Albourne makes the grade, it could become the public pension's first hedge fund consultant.

The lack of one has not kept Kern from investing in the space; the system has $286 million invested in funds of hedge funds. But the pension is mulling a move to direct hedge fund investments, a process that Albourne or whoever else wins the consultancy mandate will assist with.


In Depth

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

iCapital Network: The Trump Effect On Direct Lending

Feb 23 2017 | 4:21pm ET

The arrival of the Trump Administration has raised questions among private debt...