Institutional Investors

Nebraska mulls hedge fund move

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The $14 billion Nebraska Investment Council is said to be considering hedge funds now that Jeffrey States, who led the investment efforts that incorporated hedge funds at the Sacramento County Employees' Retirement System, takes over as investment chief.

Recent investment meetings in Nebraska have focused on private equity allocations, according to publicly available meeting minutes. Prior to joining Nebraska, States had just led the charge to seek advice on direct hedge fund investment. This was part of a search for a general investment consultant that included questions regarding a