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

Q&A: Portfolio Advisors' Brian Murphy On The Advantages of A Private Markets Platform

Jan 2 2018 | 11:05am ET

Most private markets firms reference their platforms as a source of competitive...

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: The Top Hedge Fund Industry Trends for 2018

Jan 2 2018 | 12:22pm ET

Each year, Don Steinbrugge’s Agecroft Partners compiles the insights gained...