Comment: Chris Sullivan
The hedge fund industry has always had a bit of a schizophrenic relationship with the media, particularly here in the US
13/01/2010
Milwaukee ERS set to hire first hedge fund
The Employees’ Retirement System of Milwaukee County (ERS), which manages $3.9bn in assets, will be hiring its first hedge fund at the end of this month.
The search for a long/short equity fund of hedge funds (FoHF), which started last July, will come to an end as members of the investment committee discuss finalists brought to them by consultant, Marquette Associates.
According to Gerald Schroeder, ERS manager, the move into hedge funds is part of the pension’s plan to rebalance its portfolio in order to achieve better returns.
“We are starting with the hedge fund allocation and will then look into real estate,” he said.
Marquette received responses from 16 funds, four of which were eliminated due to their failure to meet minimum qualifications. The candidates have been narrowed down to six finalists, however, Schroeder was unable to reveal the names at this point in the hiring process.
ERS is yet to carve out a dedicated allocation to hedge funds.
- Share
-
Text Size
Decrease text size
Increase text size
Mayfair allure remains strong for London funds
Mayfair’s position as the undisputed heartland of London’s hedge fund community was called into question last month
Editor's letter: 16 May 2012
The pressure cooker purred in January and February, squealed in March and April, and, this week, finally blew a gasket
Progress report
An assessment of hedge fund YTD performance in the face of renewed fears for a potential eurozone crash Read More
Investor demand for CTAs is on the rise, says Agecroft Partners
Agecroft Partners is seeing widespread demand from institutional investors for Commodity Trading Advisors (CTAs), which is a dramatic change from the historical reluctance of many institutional investors and their consultants to allocate to this strategy.
Read More07/06/2012
UK: Impact of the AIFMD - the real story
Join us and our panel of experts for HFMWeek's Subscribers' Club June's UK breakfast briefing, 'Impact…
31/05/2012
US: Family Offices
The next US HFMWeek Subscribers' Club breakfast, will take place on Thursday May 31. Join us and…
02/02/2011
European Hedge Fund Services Awards 2012
HFMWeek's European Hedge Fund Services Awards are designed to recognise companies that have outperformed...
Be the first to comment on this article!