Earlier this year the City of Baltimore Employees' Retirement System made its first foray into absolute-return investing, allocating a small chunk of its assets to three funds of hedge funds. And as has often been the case with U.S. pension funds, the $1.2 billion plan took its sweet time in choosing managers. "Other plan sponsors I spoke with were all very cautious," says Roselyn Spencer, executive director of the fund. After nearly three years of research, educational efforts and vendor presentations, the retirement system's trustees decided to allocate $50 million among Grosvenor Capital Management in Chicago, Suoritus Partners in New York and Attalus Capital in Bala Cynwyd, Pennsylvania.
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机译：今年早些时候，巴尔的摩市雇员退休系统首次涉足绝对回报投资，将其一小部分资产分配给三只对冲基金。而且，与美国养老基金一样，这项12亿美元的计划花了很多时间来挑选经理。该基金执行董事罗斯林·斯宾塞说：“我与之交谈的其他计划发起人都非常谨慎。”经过近三年的研究，教育工作和供应商介绍，退休系统的受托人决定在芝加哥的Grosvenor Capital Management，纽约的Suoritus Partners和宾夕法尼亚州的Bala Cynwyd的Attalus Capital中分配5,000万美元。
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