Institutional Investors Mandates & RFPs

Maryland issues RFI for emerging managers

by

The Maryland State Retirement and Pension System is considering the creation of an emerging manager fund of hedge funds programme and has issued an RFI to retain one or more managers.

The $32 billion pension fund has a 4.4% allocation to absolute return strategies that may include investments in funds of hedge funds, global tactical asset allocation, long/short market neutral managers, macro managers, merger arbitrage managers and multi-strategy hedge funds.

Under consideration is the hiring of a manager to provide portfolio construction, risk management, due diligence, recommendations to the chief investment officer and continued oversight and portfolio monitoring. 

The