Indiana Public Employees’ Retirement Fund, Indianapolis, hired its first hedge fund of fund managers. Blackstone Alternative Asset Management and Pacific Alternative Asset Management will handle $150 million each, and Dorchester Capital Advisors, $50 million. The hirings are subject to due diligence and legal review, said Jeffrey D. Hutson, director of communications for the $17.14 billion pension fund. Funding will come from a reallocation of the fund’s portfolios. Strategic Investment Solutions assisted.
Indiana PERF hires 1st hedge funds of funds
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