The Los Angeles Fire and Police Pensions (LAFPP) has removed Gam and K2 Advisors from its hedge fund portfolio, HFMWeek reports. The move comes as the $11.2 billion public pensions system seeks to increase allocations to Grosvenor Capital Management and Aetos Capital. The $198 million allocated to K2 Advisors and Gam will now be redistributed between Grosvenor and Aetos. The system had allocated $144 million to K2 Advisors and $54 million to Gam.
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