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MassPRIM picks Arden for hedge fund consulting

Massachusetts Pension Reserves Investment Management Board, Boston, hired Arden Asset Management as hedge fund consultant, according to Michael Trotsky, executive director and chief investment officer for the $58 billion pension fund.

Arden has been hired to serve a three-year term, with options for two one-year extensions. The firm replaces MassPRIM's previous hedge fund consultant, Cliffwater, whose contract expired.

An RFP was originally issued in January.