LACERA Seeks Fund Of Hedge Funds

Apr 16 2013 | 12:34pm ET

The Los Angeles County Employees' Retirement Association has issued a request for information for a fund of hedge funds manager.

The $42 billion pension hopes to add to its 3% hedge fund target allocation with a customized, diversified hedge fund solution, Pensions & Investments reports. The mandate is for $250 million. Responses to the RFI, which is available on LACERA's Web site, are due April 25.

LACERA already has two funds of funds in its portfolio.

The pension last week also approved $200 million in new commitments to a pair of private equity fund. Insignia Capital Partners and Marlin Equity Partners will each get $100 million.


In Depth

GSAM’s Papagiannis on Liquid Alternatives

May 25 2016 | 5:07pm ET

The popularity of liquid alternatives strategies has blossomed in recent years,...

Lifestyle

From Modern Trader: Stephen Curry is a Black Swan

May 18 2016 | 7:43pm ET

What do the rise of the Internet, the sinking of the Titanic, 9/11, and Stephen...

Guest Contributor

LendingClub and the Question of Internal Hedge Funds

May 19 2016 | 8:42pm ET

Peer-to-peer lending platform LendingClub Corp. has been in the news since the firm...