Hedge Fund Search Tour Begins For San Jose Pensions

Apr 30 2012 | 11:00am ET

A pair of San Jose, Calif., public pension funds was in New York earlier this month—and will be back in a week—as it begins its search for its first hedge fund managers.

Representatives of the San Jose Public Police & Fire Retirement Plan and the San Jose Federated City Employees Retirement System visited New York-area hedge funds the week of April 16 and will return the week of May 7 to continue. It's just the beginning of a tour of the hedge fund world for the $4.3 billion plans, which will visit Bermuda; Boston; Dallas; Greenwich, Conn.; London and Minneapolis between now and July as they seek to fill the $800 million allocation.

The two plans expect to invest in between 18 and 20 managers with mandates of between $30 million and $50 million, HFMWeek reports. The pensions are looking at multi-strategy, relative value, event-driven, long/short equity and macro/directional hedge funds.


In Depth

GSAM's Papagiannis: Liquid Alternatives For The Long Run

Apr 21 2017 | 8:44pm ET

Interest in liquid alternatives cooled a bit last year amid a broad shift in investor...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Debunking Conventional Investment Wisdom (Part II)

Apr 17 2017 | 5:56pm ET

The alternative investment industry is currently replete with buzzwords around data...

 

From the current issue of