San Bernardino County (Calif.) Employees’ Retirement Association is searching for managers to run a total of about $150 million in the system’s first long/short equity hedge fund allocation, said Don Pierce, investment officer.
The $5 billion association’s investment consultant, NEPC, is conducting the search. There is no RFP.
The new allocation is part of the system’s overall move to active equity management from passive, he said.
Manager selection could be made as early as June.