New York City Employees’ Retirement System moves forward with direct portfolio
Mon Dec 5, 2011
The New York City Employees’ Retirement System has
set aside 5% for an allocation to direct hedge fund managers by
cashing out of high-yield strategies to allocate to a variety
of credit strategies.
The focus is on 'funds of one’ structures for a
$6 billion hedge fund programme, according to Adi Divgi, who
currently manages the opportunistic fixed-income programme at
the $120 million New York City Retirement Systems.
The programme invests in alternative credit managers to
enhance returns across...
ISSN: 2151-1845 / CDC10004H
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