Institutional Investors

Louisiana to interview FoHF finalists


The roughly $9 billion Louisiana State Employees’ Retirement System (LASERS) has narrowed down its fund of hedge fund search to four finalists that will be interviewed at the system’s board meeting on 24 and 25 May. 

Onsite due diligence is being done with these finalists, which are Blackstone Alternative Asset Management, Entrust Capital, Permal and Prisma Capital Partners, said Bobby Beale, chief investment officer of LASERS. The mandate is understood to total $300 million, which is said to be funded via the liquidation of commitments to GAM and K2. 

GAM and K2 Advisors currently manage approximately $88 million and $236