Mandates & RFPs

New York City searches for hedge fund investment consultant


The New York City Employees’ Retirement System, the New York City Police Department Pension Fund and the New York City Fire Department Pension Fund is seeking to hire a hedge fund investment consultant to the systems.

Responses to the RFP were returned in early August and represent a move forward in an asset class that has been long discussed at the retirement system that resides in the backyard of the majority of the world’s hedge fund managers. The $103 billion system’s current asset mix is: 44% equity; 28% fixed income; 16% international equity; 8% private equity and real estate;