IPERS Wraps Up Fund-Of-Funds Search

July 7, 2008

The Iowa Public Employees' Retirement System (IPERS) has hired two hedge fund-of-funds managers, said Karl Koch, CIO with the $23.8 billion plan. The full board approved recommendations made by the evaluation committee to hire Blackstone Alternative Asset Management and JPMorgan Alternative Asset Management. Koch said that both are still subject to successful contract negotiations.

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