South Carolina moves to direct hedge fund investing

Fri Feb 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