LACERA To Appoint HF Manager

Los Angeles County Employees’ Retirement Association (LACERA) is set to appoint a manager for a hedge fund of funds mandate, Pensions & Investments reports. The system has selected Grosvenor Capital Management, Blackstone Group and Goldman Sachs Asset Management as finalists.

The size of the mandate will be determined on June 8, 2011. Separately, the system’s board is also likely to interview finalists Milliman, Segal, Gabriel Roeder Smith and Cheiron in its search for an actuarial consultant.

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