Massachusetts to shave $1bn from HF portfolio
Tue Sep 1, 2009
Trustees of the $40 billion Massachusetts
Pension Reserve Investment Management Board are not only
disbanding the fund's 6% allocation to portable alpha, but in
voting to lower the hedge fund allocation there is a need to
dump more than $1 billion in hedge fund assets.
The portable alpha programme had underperformed in 2008,
which has been the case in...
ISSN: 2151-1845 / CDC10004H
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