Vermont Seeks Portable Alpha Managers

Oct 12 2007 | 10:50am ET

The Vermont Pension Investment Committee is seeking proposals from investment management firms to manage a portable alpha mandate for the Vermont State Retirement System’s $3.3 billion defined benefit pension plan.

The mandate for a Lehman Aggregate Index Portable Alpha Program will be for approximately $210 million.

In order to be considered, firms’ portable alpha products must have minimum assets under management of at least $200 million as of the end of August, be bundled complete with the alpha source and beta management, and possess a live, GIPS-compliant, alpha track record that is at least three-years long as of the end of June. Last, but not least, the system said the use of any hedge fund strategies for any part of the portable alpha mandate will not be considered.

The deadline for request for proposal, which can be found on the system’s Web site, is Oct. 29 at 4:00 p.m. Eastern time.


In Depth

Don’t Overlook These 6 Hybrid Cloud Concerns

Sep 14 2017 | 6:27pm ET

Cloud-based technology solutions have made tremendous inroads into the alternative...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Cash: An Asset In Adolescence

Aug 31 2017 | 3:34pm ET

If the investment industry has a rebellious teenager in the house today, that teenager...

 

From the current issue of