Missouri to Invest Directly In Hedge Funds

Jan 13 2006 | 8:20pm ET

The $27 billion Missouri Public School & Education Retirement System has selected Albourne Partners to assist in placing $600 million with hedge fund managers.

David Harmston, head of Albourne's U.S. client services division, said his firm only makes direct investments with hedge funds, not fund-of-funds.

"People tend to approach us once they have already had some exposure to hedge funds, generally through a fund-of-funds, and they are looking for help to work on a direct portfolio of hedge funds," said Harmston. However, this is the retirement system's first foray into alternatives.

Currently, Albourne's clients have $50 billion invested in hedge funds. Calls to the Missouri retirement system were not returned by press time.


In Depth

Malik: The Science of Deal Sourcing 201

Aug 27 2015 | 5:35pm ET

Deal sourcing is understandably a hot topic among private equity firms because it...

Lifestyle

Rolling Art Advisors Marketing Collectible Car Fund As Uncorrelated Alternative

Aug 27 2015 | 6:47pm ET

A new fund is trying to provide investors with greater access to an emerging asset...

Guest Contributor

FATCA for Hedge Funds: Eight Common Pitfalls

Sep 1 2015 | 10:56am ET

FATCA is now a way of life for those in the financial industry and most professionals...

 

Editor's Note