Greater Tacoma (Wash.) Community Foundation hired alternatives...

Greater Tacoma (Wash.) Community Foundation hired alternatives fund-of-fund managers Quadra Capital and Genesee Partners to handle $1 million each, said Rick Wyman, principal at consultant Wurts & Associates. The $40 million foundation is moving into the asset class for diversification. Funding is coming from the fund’s $12 million allocation to the PIMCO Total Return Fund.