Sunday, 26 June 2016
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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.