Louisiana Interviews FoHFs Finalists

Date: Monday, December 1, 2008
Author: FINalternatives

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.