Worcester Issues P.E. RFI; Considering Multi-Strat H.F.s

Jun 2 2006 | 8:06pm ET

The $653 million Worcester (Mass.) Retirement System has issued an RFI for private equity managers and is considering an investment in multi-strategy hedge funds.

James DelSignore, chairman, said the fund is only considering direct investments in private equity and would like to invest up to $15 million with one or more firms. A copy of the RFI is available by contacting WorcesterPE2006@meketagroup.com. The deadline for responses is July 14. The plan's consultant is Meketa Investment Group.

DelSignore said that although the fund has not targeted a specific amount to be allocated to multi-strategy hedge funds, it plans to interview managers by September. Interested hedge funds should contact Meketa directly.


In Depth

Royalties: The Alternative Assets of the Music Industry

Jul 8 2016 | 7:01pm ET

Recent market volatility has investors seeking greater insight into alternative...

Lifestyle

Moore Capital PM Fired After Raucous Hamptons Party

Jul 7 2016 | 10:47pm ET

A portfolio manager for Louis Bacon’s $15 billion hedge fund Moore Capital Management...

Guest Contributor

MPI: Like Stellar Returns? Better Understand the Risks First

Jul 22 2016 | 8:44pm ET

When the press reports extraordinarily strong relative or risk-adjusted returns...