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Pension Funds Eye Reducing Hedge-Fund Investments

TedTed
in The Bullpen
FYI: :Pension-fund managers across the U.S. are rethinking their investments in hedge funds in the wake of a retreat by the California Public Employees’ Retirement System.
In San Francisco, the chairman of that city’s pension fund has put on hold a vote to invest 15% of its assets in hedge funds. In Austin, Texas, officers responsible for the retirement savings of city police officers are discussing whether to withdraw all of their hedge-fund investments. In Harrisburg, Pa., a prominent state official asked the systems that manage money for teachers and other public workers to reconsider the $7.6 billion parked in such investments
Regards,
Ted
http://online.wsj.com/articles/pension-funds-eye-reducing-hedge-fund-investments-1413762698
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