Philadelphia adds Mariner Caspian

Fri Dec 4, 2009

The Philadelphia Board of Pensions and Retirement added its fifth direct hedge fund investment this year and plans to approve one more fund later this year.

Mariner Caspian will manage $10 million for the municipal pension plan. Funded from cash, the new investment illustrates the system's plans to further diversify its existing hedge...

ISSN: 2151-1845 / CDC10004H

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