The $1.9 billion Baltimore City Fire & Police Employees' Retirement System hired hedge fund-of-funds managers Union Bancaire Privee and Cadogan Management to run a combined $75 million, subject to contract negotiations, said Thomas P. Taneyhill, executive director. UBP will run $50 million; Cadogan $25 million. Contracts should be finalized by the end of this month, he said. Funding will come from the system's large-cap equity portfolio.
Summit Strategies Group assisted.
