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.


In Depth

U.S. Treasury Moves on Reinsurance Loophole

Apr 24 2015 | 5:11pm ET

The U.S. Treasury Department has released proposed rules aimed at limiting the ability...

Lifestyle

Artivest Announces Funding Round Led by KKR & Co.

May 4 2015 | 9:56am ET

Artivest, a startup that provides individual investors with access to private equity...

Guest Contributor

Starting a ‘40 Act Fund Family? Don’t Forget Your Board

Apr 30 2015 | 7:18am ET

The convergence of the hedge fund and mutual fund worlds continues unabated, as...

 

Editor's Note