The Louisiana Municipal Police Employees' Retirement plans to discuss its finalists for a $50 million fund of hedge fund manager mandate.
The board of the $1.5 billion pension fund interviewed six finalists at its November meeting, one of which has since revealed exposure to Bernard Madoff. The shortlist is: Blackstone Alternative Asset Management; Evanston Capital; Permal Group; Union Bancaire Privee Asset Management; Entrust Capital and Cadogan Management.
Kathy Bourque, director of investments at the pension fund, said trustees will likely discuss UBP's reported exposure to Madoff at their next meeting on 17 February. The fund of funds firm