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Access to world class managers, coupled with a highly selective process provides a major benefit to our investors
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ACA in the News
Conn. Plan Makes Hedge Fund Hire
The $323 million Milford (Conn.) Retirement System hired Alternative Capital Advisers
to manage a customized hedge fund portfolio at its June 16 board meeting.
The plan hired ACA to manage an approximately $5 million portfolio, Consultant John Beirne
of general investment consultant Beirne Wealth Consulting said.
The portfolio will comprised of three sub-managers—long/short equity manager Eastbay Asset Management
and two long/short credit managers. John Beirne could not provide the names of the two credit managers and ACA declined to comment.
Funding for ACA will come from incumbent long/short equity hedge fund manager Sterling Ridge Capital Management,
which is shutting down at the end of this month.
The plan began a hedge fund replacement search in May (fin|daily, 5/20).
Separately, the plan made follow-on commitments of $10 million to private equity fund Longford Capital Management
and $3 million to real assets firm Corrum Capital Management and a new commitment of $3 million to private equity firm
BlackDiamond Capital Management, John Beirne said.
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