Institutional Investors

K2 placed on alert at Chicago Park Pension


The $406 million Retirement Board of the Park Employees’ Annuity and Benefit Fund for the city of Chicago officially placed K2 Advisors on ‘alert’ due to performance following losses in 2011 of 5.9%.

The losses are despite gains of 2.9% for the quarter ending 31 December 2011 and for the trailing 12 months outperformance of the K2 benchmark of the HFRX Hedged Equity index which was down by more than 19%. A spokesman for K2 Advisors declined to comment on the alert status at the pension fund.

K2 and EnTrust Capital were hired in 2008 to manage a