Hollywood (Fla.) Police Officers' Retirement System hired EnTrust Global to manage $15 million in a hedge fund-of-funds portfolio.
The $334 million pension fund's board approved the investment in the WPB Special Opportunities Fund separate account at its Dec. 18 meeting, said John McCann, senior consultant at AndCo Consulting, the pension fund's investment consultant.
The account is a separate tranche of the EnTrust's special opportunities funds, Mr. McCann said.
The pension fund previously invested $5 million in EnTrustPermal Special Opportunities Fund IV in 2017.
As of Sept. 30, the pension fund's actual allocation to alternatives was 1.6%.
AndCo Consulting assisted.
