San Antonio Fire & Police Pension Fund is searching for a macro hedge fund manager, recently released board meeting minutes show.
Matthew O'Reilly, chief investment officer, declined to comment on the search. The pension fund does not issue RFPs. NEPC is the investment consultant.
Separately, the $2.8 billion pension fund committed $20 million total to three alternatives funds.
In private equity, the pension fund committed an additional $5 million to Siguler Guff Global Emerging Markets Opportunities Fund IV, and a total of $15 million to buyout funds Greenhill Capital Partners III and Greenhill Capital Partners IV, managed by GCP Capital Partners. The pension fund previously committed $15 million to the Siguler Guff & Co. fund of funds. The pension fund also previously committed $15 million to Greenhill Capital Partners III, Mr. O'Reilly wrote in an email. The additional shares were purchased in a secondary transaction. Greenhill Capital Partners IV is a new commitment.
Also, the pension fund terminated Matarin Capital Management and Redwood Investments as emerging managers, according to the minutes. Matarin and Redwood previously managed $25 million each. The majority of the funds were distributed among four emerging active domestic large-cap equity managers hired in October — NorthPointe Capital, Seizert Capital Partners, South Texas Money Management and Suffolk Capital Management, Mr. O'Reilly wrote. He could not immediately provide additional information.
