Institutional Investors

Connecticut begins formal search for FoHFs

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A newly revised fund of hedge funds RFP was issued last month by the Connecticut Treasurer’s office to find fund of hedge fund firms specialising in emerging managers for the $24 billion Connecticut Retirement Plan and Trust funds.

Interviews are likely to take place in August with manager selection taking place at the September trustee meeting. The mandate is understood to total $100 million.

The search is for one or more managers to invest in hedge funds in addition to analysing and screening the Connecticut Horizon Fund universe of emerging and minority or women-owned