Tuesday, 2 June 2015
Last updated 43 min ago
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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…