New Orleans City Employees’ Retirement System named finalists in its search for an opportunistic hedge fund manager and/or opportunistic credit manager to run a total of $20 million, said Jesse L. Evans Jr., director, in an e-mail.
The $364 million pension fund will hear presentations at its May 25 meeting from Corbin Capital Partners, EnTrust Capital, The Riverview Group, and Siguler Guff & Co., with a decision expected shortly thereafter.
The pension fund originally issued an RFP in May 2015 and then suspended it in August due to some board members’ concern about making such an investment following the redemption in June from seven hedge funds in which it had invested a total of $8.2 million.
The search resumed in November.
Investment consultant The Bogdahn Group is assisting.