MassPRIM To Vote On Portable Alpha, Int’l Equity RFPs

Mar 31 2006 | 12:00am ET

The $40 billion Massachusetts Pension Reserves Investment Management Board expects to approve RFPs for an international equity manager and a portable alpha manager at its April 4 board meeting, said Mike Travaglini, executive director.

In February, the fund approved a maiden investment into portable alpha of up to $2 billion and increased its international equity exposure by 5% to 20% (FINalternatives, 2/10). The board will also vote on whether to recommend a number of private equity investments, though Travaglini declined to name the firms. The fund has also issued an RFP for a hedge fund consultant because the contract of incumbent New England Pension Consultants expires in April. 

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    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…