Saturday, 1 August 2015
Last updated 1 day ago
Jun 13 2011 | 11:39am ET
Philadelphia's city employees aren't relying on Arden Asset Management or AG Bisset to help fund their retirements anymore.
The $4.1 billion City of Philadelphia Municipal Pension Fund has redeemed its investments in both firms, HFMWeek reports. AG Bisset, a currency alpha fund, had been allocated $100 million, while Arden had been allocated half as much.
The withdrawals leave Philadelphia with just over $400 million in hedge fund investments.
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…