Institutional Investors

Milwaukee County enters alternatives with long/short equity funds of funds


Milwaukee County Employees' Retirement System has made the initial foray into to hedge funds via two long/short equity fund of hedge funds mandates.

ABS Investment Management and K2 Advisors will manage $90 million each in the new allocation, according to Gerald Schroeder, retirement manager at the $2 billion fund. The selection was made at the trustees January meeting.

The RFP was handled by Marquette Associates, who initially recommended a 10% allocation to the HFR Hedged Equity fund of funds last July while eliminating high-yield fixed-income and some niche capitalisation equity