Friday, 6 May 2016
Last updated 16 hours ago
Jul 24 2012 | 11:14am ET
A Connecticut town has entrusted about 5% of its assets to a "conservative" fund of hedge funds.
The Fairfield Joint Retirement Investment Board awarded the $15 million mandate to Diversified Global Asset Management. The firm beat out Blackstone Alternative Asset Management and Lighthouse Investment Partners for the "conservative absolute-return mandate," Pensions & Investments reports.
Callan Associates, the $292 million pension's consultant, assisted with the search.