HGK Asset Management formed a new alternative investment division to...

HGK Asset Management formed a new alternative investment division to provide multistrategy private equity investment management services, primarily for union pension plans, said Matthew G. Kosara, manager of the new division. Among strategies under consideration is a fund of funds that could include private equity, venture capital, mezzanine and real estate; it could be started in the next two months, he said. HGK is a money management firm.