Arkansas Nears 'Fund-Of-One' Hire

May 18 2012 | 4:06am ET

The Arkansas Public Employees Retirement System is a step closer to hiring a fund of fund—singular, as part of a so-called "fund of one" approach.

The $6 billion pension's board last month approved a shortlist of "fund of one" managers for a $100 million mandate. Using a "fund of one" will help Arkansas "avoid excessive energy exposure," the April 11 board minutes said.

Arkansas adopted the "fund of one" approach in February, following a presentation from Grosvenor Capital Management, Pensions & Investments reports.


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