PennSERS halves hedge fund allocation

Fri Dec 10, 2010

The $24 billion Pennsylvania State Employees Retirement System will halve its allocation to hedge funds as a result of dropping its long-term investment target to funds of hedge funds to 9% from a current allocation of 17.9%. The pension system’s trustees have adopted an updated strategic investment plan that has a greater allocation to...

ISSN: 2151-1845 / CDC10004H

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