FUNDRAISING NEWS | October 08, 2024
The Boston Retirement System (BRS) on October 8 issued an RFP seeking hedge fund-of-fund (FOF) managers for a mandate within its current $350M, 5% allocation to hedge funds.
BRS said it will only consider multi-strategy FOFs and may select one or more managers for the mandate. Proposals for the search, on which consultant NEPC is assisting, are due on October 28.
Per Dakota data, BRS oversees $7B in assets. As of June 30, within the hedge fund composite portfolio, 4.9% was allocated to hedge fund exposures with a policy target of 5%. Current managers include BlackRock and Grosvenor.
Written By: Helen Bascom, Marketing Associate
Helen Bascom is a Marketing Associate at Dakota.
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