Saturday, 6 February 2016
Last updated 13 hours ago
Jun 7 2012 | 10:42am ET
Connecticut's $24.7 billion state pension fund is looking for an alternative investments consultant and fund of hedge funds manager.
The Connecticut Retirement Plans & Trust Funds will give up to $100 million to the fund of funds, which will be part of the pension's Connecticut Horizon Fund—meaning that interested firms should be Connecticut-based emerging firms or owned by women or minorities.
The winner will get a five-year contract, beginning in March at the latest.
Connecticut State Treasurer Denise Nappier told Pensions & Investments that the public plan is getting a head-start on the consultant search to ensure a smooth and uninterrupted period of service. Incumbent NEPC will be allowed to rebid; its current contract expires on May 31.
The requests for proposals are available on the State Treasurers' Web site and are due on June 27. Interviews are expected in August and decisions in September.