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...
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