Essex Searches For FoHFs

Jun 13 2008 | 2:00am ET

The $710 million Essex Regional Retirement Board is considering an allocation of approximately $13.5 million to funds of hedge funds.

Funds should have “experience in dealing with public pension systems and agencies; a three-and-five-year performance record which exceeds the return of the 91 Day T-Bill + 5%; and data presented in a clear, concise and easy to follow format,” among other requirements.

The RFP can be downloaded from Segal Advisors’ Web site and the deadline for submissions from firms interested in the mandate is July 14.

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