Pierre Missud

Nevada Power, Sierra Pacific Power and Sierra Pacific Resources merged in July 1999 to create NV Energy. The firm has served citizens in northern Nevada and northeastern California for over 150 years, and southern Nevada since 1906. It currently has a pension plan with about $800 million in assets. The firm allocates 70% of its pension plan to fixed income investments and has a 5% target for an allocation to a fund of hedge funds to add diversity to the portfolio. The firm does not make investments into other areas of the alternative arena. NV Energy works closely with its investment consultant, Callan & Associates, to source managers. Please be sure to reach out directly to Callan with any inquiries as they handle all manager selection and due diligence.