Montana Sniffs Out Funds of Funds

The $13 billion Montana Board of Investments may be on the lookout for fund of hedge funds managers, though it remains wary about a commitment. The pension is considering the issuance of a request for proposals in an effort to get more information about the asset class.

Two years ago, the board’s consultant, R.V. Kuhns, completed an asset liability study of the system, suggesting several portfolio mixes that, when interacting with the plan’s liability requirements, would expect to generate the returns required to protect and increase funding levels, while adequately providing liquidity for benefit payments.

Full Story: http://www.finalternatives.com/node/4337