Houston Police Officers' Pension System hired Hammond Associates to run $117 million in a hedge fund of funds and Attalus Capital to run $80 million in a portable alpha strategy, pending contract negotiations, according to minutes of the $3 billion plan's Dec. 12 meeting.
The plan also terminated currency strategy manager FX Concepts following three years of poor performance, according to the minutes. Neither Ray Sweeney, senior vice president, investment management marketing for FX, nor Houston Police CIO Pat Franey was available for comment at press time.