Funds of Hedge Funds Institutional Investors

Kentucky to issue $500m mandate

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The Kentucky Retirement System is in the early stages of allocating to hedge funds following the approval last month of a 5% allocation to absolute return strategies.

The $12 billion plan's board and staff is considering a roughly $500 million search for fund of hedge funds managers, although a formal request for proposal has yet to be posted on the system's website. RV Kuhns is the pension funds' investment consultant.

Up to this point, officials have approved alternative investment allocations including private equity that is an asset class that is