New York City Employees’ Retirement System moves forward with direct portfolio

Mon Dec 5, 2011

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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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