Permal Wins Manchester HFoFs Mandate

The Manchester Employees’ Contributory Retirement System (MECRS) has appointed Permal Group to manage a hedge fund-of-funds mandate, Pensions & Investments reports. The strategy was previously handled by Attalus Capital.

The change in management was driven by factors, such as performance, transparency and fee schedules. The strategy is currently valued at $6.8 million.

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