Saturday, 22 October 2016
Last updated 18 hours ago
Jul 10 2008 | 5:59am ET
The $15.3 billion Los Angeles Fire and Police Pension is getting closer to naming finalists for its $300 million fund of hedge funds search.
The pension’s board met yesterday to hear presentations from Common Sense, Crestline Investors, Dorchester Capital Advisors, Entrust Capital, FrontPoint Partners, GAM, Lazard and Permal.
Following its May meeting, the LAFPP board decided to conduct a search for an emerging manager fund of hedge funds shop as an addition to its current alternative investment allocation. The pension plan is looking for firms with five years experience in managing hedge funds and a minimum of $30 million in institutional assets.