Louisiana State Employees Retirement System, Baton Rouge, selected six finalists for a $250 million hedge fund allocation, confirmed Bobby Beale, CIO of the $8 billion fund. They are: Bridgewater Associates, Crestline Investors, EIM Group, GAM, Permal Group and Stark Investments. Funding will come from cash. A selection will be made at the systems May 25 board meeting. Mr. Beale said the investment will bring the systems hedge fund allocation to its 8% target; it now has 5% of assets in hedge funds.
An RFP was issued in October with New England Pension Consultants assisting.