Florida private equity chief joins hedge fund advisor

Jim Treanor left Florida’s state pension system as head of private equity in July. He will work on hedge fund research at a time when ‘the distinctions blur between many strategies employing hedge fund and private equity'.

Jim Treanor, former head of private equity at the Florida State Board of Administration, has joined Minnesota-based institutional investor advisor Jeffrey Slocum & Associates to focus on hedge fund strategies.

Treanor left the Florida pension system in July after 11 years, during which time he helped to set up the $128 billion system’s $10 billion private equity programme.

Treanor’s experience with private equity and hedge funds at Florida’s pension system will be valuable to Slocum as “the distinctions blur between many strategies employing hedge fund and private equity forms of organisation”, said Jeff Slocum, president of the firm.

Proper research of quality hedge fund managers “requires an extraordinary commitment of labour and resources to sift the truly talented managers out of the masses of ‘me too’ players and the merely greedy”, Slocum said.

Treanor had worked as a portfolio manager for alternative investments until 2004, when he took over as head of private equity for Frank Fernandez. Treanor led a team of 10 professionals at the pension system.

An LP source told Private Equity International that Treanor was a “great guy” and “someone people in our industry look up to”. Florida is conducting a search for Treanor’s replacement, a role that will pay in a range of $95,388 to $185,476.

Treanor was one of several high-ranking private equity chiefs to leave their positions in the past few months. Wayne Smith, the longtime head of private equity at the Massachusetts Pension Reserves Investment Management Board, recently left to join fund of funds Pathway Capital Management.