Institutional Investors

Arkansas to allocate $120m in customised FoHFs


The Arkansas Public Employees Retirement System in Little Rock is considering three firms to create a $100 million to $120 million hedge fund portfolio via a separate account fund of hedge funds portfolio.

Competing for the single mandate at the $6 billion retirement system are Blackstone Alternative Asset Management, Grosvenor Capital Management and Lazard Asset Management. The search is expected to wrap up in mid August and trustees have been assisted by Callan Associates.

So far this year, the retirement system has seen gains from equities. The expectation, though, is that the return for