Hedge Funds Institutional Investors

Arlington County drops hedge fund


Arlington County Employees' Retirement System plans to redeem its $17.7 million investment with Oaktree Emerging Markets Hedge Fund on 30 June.

The rationale for the termination was a general lack of trust and transparency in the fund's investment process, according to meeting minutes. Potentially, trustees could reinvest the cash in alternatives in July through another hedge fund or fund of funds - but cash will be the default investment if there are no other attractive alternatives available by then.

Private equity and hedge funds make up only 4% of the