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...
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