Thursday, 28 July 2016
Last updated 1 hour ago
Dec 1 2008 | 12:29pm ET
The Board of Trustees of the $1.4 billion Louisiana Municipal Police Employees’ Retirement is nearing the end of its search for a hedge fund of funds shop.
The plan’s Board interviewed six finalists at its Nov. 12 but has not picked a manager yet, according to Kathy Bourque, director. The finalists include: Cadogan Management; Union Bancaire Privee Asset Management; Blackstone Alternative Asset Management; Evanston Capital; Permal Group; and Entrust Capital.
Bourque added that she is not sure when the plan will make its final selection.
The plan’s mandate calls for a multi-strategy hedge fund of funds shop to manage a $70 million to $100 million ERISA institutional mandate.