Institutional Investors

Massachusetts PRIM seeks direct HF consultant


The $48 billion Massachusetts PRIM Board is reorienting its hedge fund programme to allocate directly to hedge funds with the issuance of a RFP for direct hedge fund consulting services.

The pension fund is searching for either one or more firms to provide education, planning and implementation of a direct hedge fund programme, manager oversight, manager search and selection, portfolio monitoring, and portfolio analysis. A consultant would also be charged with assisting in manager searches including the screening of prospective managers, development of RFPs, due diligence and providing detailed analysis to the investment staff and trustees.

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