The pension fund of the South Broward Hospital District has made its first investment in a long/short equity portfolio, HFMWeek reports. The equity fund, for which the $300 million pension board initially advertised in December 2010, is managed by Lighthouse Partners.
The allocation will be 10% of pension assets and the pension fund seeks to finance around $30 million in mid of 2011. The RFP included requests for applications from opportunistic, distressed real estate, global equity and emerging markets equity managers.
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