Austin (Texas) Police Retirement System is considering four managers to run $30 million in a hedge fund-of-funds strategy, said Sampson Jordan, CEO of the $622 million pension fund, in an e-mail.
The pension fund is considering Lighthouse Partners, Permal Group, Archstone Partnerships and Ironwood Capital Management for the allocation.
Funding will come from rebalancing.
The pension fund will select two firms for finalist interviews at its Sept. 20 board meeting.
As of June 30, the pension fund had a 4.5% actual allocation to hedge funds and 10% target.