Chicago Public School Teachers Pension and Retirement Fund board today heard presentations from hedge fund-of-fund managers BlackRock Alternative Advisors, Blackstone Alternative Asset Management and Mesirow Advanced Strategies.
Representatives of Harris Alternatives, Dorchester Capital Advisors, K2 Advisors and Pacific Alternative Asset Management, also all hedge fund-of-fund managers, gave presentations to trustees on July 17.
Trustees of the $12.1 billion fund expect to make decisions Sept. 16. They could hire one manager from each group of presentations and assign each $100 million to $150 million, said Kevin Huber, executive director.
Funding will come from equity portfolios; no managers will be terminated. Mercer, the funds general consultant, is assisting.