US public pensions move beyond the herd mentality
July 05, 2011
With $64 billion spread across more than 30 hedge fund portfolios, big pension plans seek a state of sustainability but are still focusing on fees
By Susan Barreto
What a difference a little more than four years makes. About $40 billion, to be exact, in the US public pension fund marketplace – or just a fraction of the assets that flowed into hedge funds despite a credit crunch, the largest securities fraud case in history and lack of funding by state legislatures.
The hedge fund portfolios of 41 of the largest US public pension funds now have $64 billion in assets...
TAKE A FREE TRIAL
The full contents of this article are available to active InvestHedge subscribers and trialists only.
To continue reading please, take a free trial, subscribe or log in to InvestHedge.
Subscribe
Subscribers have unlimited access to all current content, including fund performance Live League Tables. Start your subscription today - click on the button below.
Subscribe now