Funds of Hedge Funds Institutional Investors

Mass PRIM terminates Ivy and Austin


The $39 billion Massachusetts Pension Reserves Investment Management Board is understood to have terminated its contracts with Ivy Asset Management and Austin Capital. It has also issued a request for proposal for firms interested in providing general consulting services and/or hedge fund of funds consulting services.

Michael Travaglini

The deadline for responses was 23 January. The pension system was looking for firms that offer both general consulting and fund of hedge fund services or focused on the fund of hedge fund component separately.

For the fund of hedge fund consulting arrangement, officials are looking for assistance