New Orleans City Employees’ Retirement System is searching for an opportunistic credit and/or opportunistic hedge fund manager to run a total of $20 million, said Jesse Evans Jr., director, in an e-mail.
The $369 million pension fund is seeking one or more opportunistic managers to run the portfolio in a credit or hedge fund commingled vehicle with a global focus.
More information on the search is available on the pension fund’s website.
Interested managers must e-mail Ian Jones, senior consultant at The Bogdahn Group, the pension fund’s investment consultant, at [email protected] by 5 p.m. EDT on June 3 to receive a due diligence questionnaire.
Mr. Evans said there is no specific timeline yet, and a funding source has yet to be determined.