Major Public Pensions’ Hedge Fund Portfolios Soar

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%.


In Depth

High Time For A Cannabis Hedge Fund?

Sep 30 2014 | 7:07am ET

Launching a hedge fund is always a gamble, but Leslie Bocskor's decision to launch...

Lifestyle

Griffin Donates $1M To Rauner's Illinois Gov. Campaign

Sep 22 2014 | 9:29am ET

Hedge fund billionaire Kenneth Griffin definitely has a dog in this fight. The Citadel...

Guest Contributor

Appraisal Ratio Key To Evaluating Hedge Funds And Other New Investments

Sep 29 2014 | 3:07pm ET

As a former finance professor Peter Hecht experiences heartburn every time he hears...

 

Videos

Editor's Note

    Must Attend Hedge Fund Charity Events For October

    Sep 30 2014 | 9:29am ET

    The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…

 

Futures Magazine

September 2014 Cover

High frequency market making

High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.