Md. Pension Picks Hedge Fund Consultant, Private Equity Funds

May 28 2013 | 12:10pm ET

A Maryland public pension fund has a new hedge fund consultant and a pair of new private equity managers.

The $3.2 billion Montgomery County Employees' Retirement System hired Albourne America "to assist staff with further implementation of the opportunistic" hedge fund program, it said in a quarterly report last week.

The pension also committed a total of $29 million to KPS Capital Partners and Altaris Capital Partners. The former will get $15 million for a middle-market restructuring and turnaround fund, and the latter $14 million for a healthcare fund.


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