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LACERA Awards $250M HFoFs Mandate
The Los Angeles County Employees’ Retirement Association has appointed Grosvenor Capital Management.
TheLos Angeles County Employees’ Retirement Association(LACERA) has appointedGrosvenor Capital Management,Pensions & Investmentsreports. Grosvenor will be managing a$250 million customized hedge fund-of-funds mandate for the California-based retirement association.
The association selected Grosvenor from a request for information (RFI) that was launched in January this year. The allocation is the $38.9 billion association’s first hedge fund-of-funds investment.
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