Pennsylvania pension puts $1.3bn into absolute return strategies

Tue Mar 2, 2010

The Pennsylvania Public School Employees' Retirement Board made strategic allocations to hedge funds totalling $1.3 billion at the beginning of 2010 as part of a revamp of the absolute return, portable-alpha and fixed-income portfolios.

Trustees are also seeking a hedge fund consultant for the first time and have issued an RFP that is due in early April. In the past, Wilshire Associates has worked with the 7.5% absolute return programme.

"We believe this programme has grown to a level that will benefit from having...

ISSN: 2151-1845 / CDC10004H

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