The healthcare sector went on a tear beginning in 2011, thanks in large part to the passage of the Affordable Care Act and its impending implementat
Thursday, 19 January 2017
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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.