Institutional Investors Mandates & RFPs

Massachusetts seeks FoHF transition help


The latest RFP for the $50 billion Massachusetts Pension Reserves Investment Management is due on 16 April and will gather information from firms qualified to transition and liquidate four funds of hedge funds separate accounts.

The RFP is posted on and was only issued on April 6. The pension plan began considering an overhaul of its hedge fund programme earlier this year and is understood to be keeping Pacific Alternative Asset Management Company in its stable, while terminating Arden Asset Management, K2 Advisors, Rock Creek Group and Grosvenor Capital Management.

The liquidation would have a total