Macomb County Employees' Retirement System, Mount Clemens, Mich., hired ABS Investment Management and Nantucket Multi Managers to run hedge funds-of-funds portfolios.
ABS will receive $15 million and Nantucket is getting $5 million. The $970 million pension fund's board approved the hirings at its June 18 meeting, recently released meeting minutes show.
Investment consultant AndCo Consulting assisted.
Stephanie Dobson, retirement administrator, could not be immediately reached for further information.