Montana Issues Fund Of Funds RFP

Aug 13 2008 | 10:39am ET

The $13 billion Montana Board of Investments has issued a request for proposal for fund of hedge funds managers through separately-managed accounts or commingled fund of funds.

To be considered for the mandate, firms must be registered with the Securities and Exchange Commission, have at least $3.5 billion of assets under management in actively-managed, multi-manager hedge fund through separately-managed accounts or a commingled fund of hedge funds, and have a five-year track record.

In February, funds of hedge funds Grosvenor Capital Management and Blackrock Alternative Advisors gave a presentation to the board, drawing praise for the asset class from a few board members and prompting others to call for a cautious, deliberate approach. 


In Depth

Don’t Overlook These 6 Hybrid Cloud Concerns

Sep 14 2017 | 6:27pm ET

Cloud-based technology solutions have made tremendous inroads into the alternative...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Cash: An Asset In Adolescence

Aug 31 2017 | 3:34pm ET

If the investment industry has a rebellious teenager in the house today, that teenager...

 

From the current issue of