Mandates & RFPs

Institutional mandates: December 2010

by

Guide to current hedge fund mandates

Mandates that are covered in this issue appear in bold

FUND NAME

LOCATION

SIZE

CONSULTANT

STATUS (MANDATE SIZE)

MANDATES AWARDED

California State Teachers Retirement

Sacramento, CA

$133bn

Negotiating with Lyxor Asset Management for managed accounts

Metal Box Pension Scheme

UK

$2.3bn

Hired Brevan Howard, Ivory, Maverick, Och-Ziff, Odey and Plainfield

Metal Box Pension Scheme

UK

$2.3bn

Retained Caliburn Capital Partners to provide access to niche strategies

New Jersey Division of Investment

Trenton, NJ

$70bn

Cliffwater

Allocations to Lynx (Bermuda) and the Winton Futures Fund

New Mexico State Investment Council

Sante Fe, NM

$14bn

Hired Aetos Capital ($150m)

Merseyside Pension Fund

UK

$7.3bn

Allocated PAAMCO ($150m)

POTENTIAL SEARCHES

Aberdeen City Council

United Kingdom

$1.8bn

Mercer

Considering hedge fund foray ($164m)

AC Transit District Employees

Oakland, CA

$400m

NEPC

Still considering hedge fund foray

Alaska Permanent Fund

Anchorage, AK

$37bn

Still mulling whether to go