Institutional Investors

Kansas City Police signs with SSARIS to manage $80m


The Kansas City Police Employees’ Retirement System has made a foray into hedge funds via funds of hedge funds with the hiring of SSARIS.

According to Jim Pyle, pension systems manager at Kansas City, SSARIS will manage $80 million in a mandate that has yet to be funded. The SSARIS Multi-Manager Absolute Return Strategy, which was launched in September 2002, won the award for the top performance for global multi-strategy funds between $500 million and $1 billion over five years at the 2010 InvestHedge Awards. The fund also won the three-year global multi-strategy performance award in 2009.