Institutional Investors

Kentucky considers FOHFs amid placement agent fallout


The $14 billion Kentucky Retirement System plans to hold conference calls shortly with a list of potential fund of hedge fund managers compiled by consulting firm RV Kuhns.

This is despite the political heat being placed on the pension fund following an internal audit that revealed an alleged $12 million in placement agent fees of which $2 million was allegedly paid by Arrowhawk Capital Partners, according to a report in Forbes.

Earlier this year, Arrowhawk was hired to manage up to $200 million in its new multi-strategy hedge fund. So far the hedge fund has received half of that