Institutional Investors

Springfield municipal to sprinkle hedge funds into the new asset mix


The Springfield, Missouri Police and Fire Pension Fund has been considering a new asset mix that may include up to a 10% allocation to hedge funds.

It was not specified whether that would be a direct or fund of hedge fund portfolio, but the discussion came up at a board meeting earlier this year, where trustees were focused on decreasing the risk and volatility of the overall investment portfolio, according to local media reports. The chairman of the board is understood to have remarked that hedge funds were a common component in pension fund portfolios that have outperformed