Chicago Laborers’ Annuity & Benefit Fund hired Lighthouse Investment Partners to manage $17 million in a long/short hedge fund of funds, pending fee negotiation, according to minutes of its Jan. 21 board meeting recently posted on the $1.4 billion pension fund’s website.
An RFP was issued on Aug. 5.
The funding source could not be learned. Maura Murrihy, executive director, could not be reached for comment.
The pension fund has an 8.5% hedge fund allocation, all managed in funds of funds, according to information on its website. Its other managers are Balestra Capital, Dorchester Capital Advisors, EnTrust Capital, Pluscios Management, Rock Creek Group, and Stenham Advisors.
Consultant NEPC assisted.