Philadelphia Public Employees Retirement System hired emerging hedge...

Philadelphia Public Employees Retirement System hired emerging hedge fund-of-funds managers Rock Creek Group to run $5 million and Attalus Capital and NewMarket Capital Partners to handle $3 million each. Christopher McDonough, interim CIO of the $4.3 billion plan, said the system has a target hedge fund allocation of 6% with about two percentage points still to invest in the asset class. CRA RogersCasey assisted.