Big Apple Pensions Seek Hedge Fund Help

Jul 23 2010 | 1:26pm ET

Three of New York City’s five public pension funds are mulling their first allocations to hedge funds.

The city’s Comptroller issued a request for proposals for the New York City Employees’ Retirement System and the pension funds for the city’s police department and fire department, seeking a hedge fund investment consultant. The move comes after the pensions fired six managers due to poor performance this year.


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