Institutional Investors

Boston restarts FoHF search for $60m mandate


The $4.4 billion Boston Retirement System reissued its fund of hedge funds search late last year as it sought proposals from managers to handle a $60 million mandate.

In order to be considered firms needed to have a minimum of $600 million in assets under management and a three-year audited track record. Managers must also be willing to disclose the names of all underlying managers and firms must also be willing to provide transparency consistent with industry best practices and to disclose other public fund investors. RFPs were due back to the pension fund at year-end 2011.