Thursday, 2 July 2015
Last updated 13 hours ago
Sep 20 2010 | 1:26am ET
It seems some large public pension funds really know what they are doing when it comes to investing in hedge funds. According to Pensions & Investments, a sample of eight of them is easily besting the overall industry with their own hedge fund portfolios.
Those plans, with between $1.2 billion and $5.5 billion in hedge fund assets, saw their hedge funds return an average of 11% over the past year. That’s well above the performance of most hedge fund indices.
The Pennsylvania Public School Employees’ Retirement System saw its $5.1 billion hedge fund portfolio return 15.6% in the 12 months ended June 30. The New Jersey Division of Investment’s hedge funds soared 13.9% over the same period.
The Missouri State Employees’ Retirement Systems’ hedge funds rose 12.6%, those of the California Public Employees’ Retirement System rose 9.8% and the Texas Teacher Retirement System’s 7.7%.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…