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 invested, according to the latest InvestHedge public pension fund survey. With overall assets totalling more than $2