Md. County Pension Picks Attalus

Nov 18 2011 | 2:27am ET

A county in suburban Baltimore's pension fund has invested $10 million with a Philadelphia fund of hedge funds.

The $1.3 billion Anne Arundel County Retirement and Pension System awarded the mandate to Attalus Capital. Attalus manages some $2.4 billion, exclusively for institutional investors.

Anne Arundel has also rejiggered its asset allocations, doing away with a specific absolute return and hedge funds portfolio. Instead, the pension will spread its hedge fund investments across its risk parity with alpha overlay, global tactical asset allocation and large-cap portable alpha categories, HFMWeek reports. Most the of the former 7% absolute return allocation will be moved into the risk parity portfolio.


In Depth

Q&A: Biotech Investing with Crossover Fund RA Capital

Sep 15 2015 | 5:40pm ET

Boston-based RA Capital Management is an intriguing mix of sophisticated life sciences...

Lifestyle

Citadel Supports Manhattan Real Estate With Record Deal

Sep 16 2015 | 3:04pm ET

Never count hedge funds out of a big property deal. The Manhattan real estate market...

Guest Contributor

One Year, Three Lessons: What Launching A Liquid Alternatives Fund Taught Us

Sep 24 2015 | 1:53pm ET

One year ago this month, Larch Lane and Rothschild Asset Management formed the Rothschild...

 

Editor's Note