Hedge Funds Institutional Investors

North Carolina reviews hedge fund exposure

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The North Carolina Retirement System may end up boosting up its hedge fund exposure if officials implement recommendations of a report delivered to the North Carolina Treasurer's office by consulting firm Ennis Knupp.

The fiduciary report is advocating a review of the hedge fund portfolio of the $68 billion retirement system to see whether allocations to the asset class should be raised or lowered. The 1% allocation to hedge funds is small and undefined, according to the report. Further analysis regarding the optimal use of hedge funds and documenting their