New Jersey Carpenters' Funds, Edison, hired hedge fund-of-funds managers Attalus Capital Management and Meridian Capital Partners to manage $30 million each for its $900 million pension plan, and Mariner Investment Group to manage $30 million for its $750 million trustee-directed defined contribution plan, said George R. Laufenberg Jr., administrator. These are the union's first investments in hedge funds. Separately, union trustees committed $20 million to the Yucaipa American Alliance Fund, a venture capital partnership, for the pension plan. All funding came from reducing the portfolios of existing domestic passive domestic small-cap and midcap equity managers and active domestic bond managers; further details were not available. Investment Performance Services assisted.