Allegheny County General Employees' Retirement System, Pittsburgh, plans to hire six emerging managers as part of the $660 million system's new Investment Manager Program for Alpha Creation Tactics, or IMPACT, said Chuck Gregor, senior consultant and principal with plan consultant Yanni Partners. About 5% of system assets will be allocated to the new program, with each manager running no more than $5 million. Mr. Gregor noted that "this is an open-ended process" and Yanni Partners doesn't necessarily want to find all of the managers right away. Interested firms should contact Yanni Partners.
Cheryl A. Bateman, executive director of the pension fund, referred all questions to Yanni Partners.