Mo. Plan Earmarkes $25M To Fund of Hedge Funds

Jun 30 2006 | 3:12pm ET

The $50 million City of St. Louis Employees Retirement System has earmarked $25 million for fund-of-hedge funds. Mary Lou Mullen, employee benefits manager, said the plan will have consultant Summit Strategies Group conduct a shortlist search and present three or four managers to the board.

The plan has not discussed where the funding for the new allocation will come from, and those decisions will likely come after the board alters its investment guidelines and policies to allow for alternatives —an action likely to be completed at either the July or August board meeting.


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With NFL season on the horizon, it’s time to take a look at our Fantasy Football value picks. Last year, we nailed it on Drew Brees, Jordan Howard, Frank Gore and Dwayne Allen. We missed pretty badly on Duke Johnson, Demaryius Thomas, Mohammed Sanu and Eli Manning.