The State Boston Retirement System has selected EnTrust for a $60 million mandate, HFMWeek reports. The municipal public pension plan had issued a request for information (RFI) earlier this year to appoint one or more fund-of-hedge-fund (FoHF) managers. The retirement system, which has around $4.7 billion in assets, has a 9 percent asset allocation for FoHF vehicles. Investment consultant NEPC assisted in finding a replacement for Arden Asset Management, removed in March.
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