Friday, 24 February 2017
Last updated 3 hours ago
Jun 5 2012 | 10:20am ET
The Lousiana State Employees' Retirement System has hired a pair of funds of hedge funds to managed a total of $300 million.
Prisma Capital Partners will run $200 million of the $9.3 billion public pension fund's money in a customized portfolio. EnTrust Capital will put $100 million into a special opportunities strategy.
Both allocations will go into separate accounts.
Prisma and EnTrust beat out Blackstone Alternative Asset Management and Permal Group to win the mandates, Pensions & Investments reports.