The Plymouth County Retirement Board in Massachusetts is planning to select funds of hedge funds in late October after reviewing finalists back in July.
The $491 million retirement system started the search over a year ago for a $35 million fund of funds mandate, gathering roughly 30 responses from managers. The mandate was originally for a low-volatility fund of hedge funds. The ultimate size of the mandate has yet to be determined, according to William Farmer, executive director at Plymouth County.
Trustees gained authorisation from the Massachusetts Public Employee Retirement Administration Commission in July to increase Plymouth County's allocation to