South Carolina moves to direct hedge fund investing
February 19, 2010
The $25 billion pension will likely place $4 billion with single-manager hedge funds over the next two years.
The $25 billion South Carolina Retirement System plans to flip its $5 billion hedge fund allocation from a 70/30 split between funds of funds and hedge funds to the other way around. In addition, the system is considering whether to construct its hedge fund portfolio as a limited liability corporation or limited partnership structure, much like a traditional fund of funds, which would help deal with...
TAKE A FREE TRIAL
The full contents of this article are available to Absolute Return subscribers and trialists only.
To continue reading please, take a free trial, subscribe or log in.
Subscribe
Subscribers have unlimited access to all current and archive content. Start your subscription today - click on the button below.
Subscribe now