Industry News

Check out the latest news and insight from the ever-evolving world of institutional investing and hedge funds from around the globe.

Jing Chen has been eVestment’s hedge fund industry news reporter since 2011. To submit industry-related press releases or request feature ideas please contact her at editor@evestment.com

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State-Boston Searching for FoHF

Mar 05, 2013
Jing Chen

State-Boston Retirement System is looking to add at least one fund of hedge funds firm to manage approximately $80 million.

Pensions & Investments reported that the pension fund wants to hire a firm that has at least $600 million in assets under management as of December 31. Proposals potential managers are due March 15.

The pension fund's decision to invest in fund of hedge funds comes at a time when most retirement plans divesting from the segment to avoid high fees. 

State-Boston manages about $3.4 billion for employees.

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