Friday, 26 December 2014
Last updated 1 day ago
Jun 14 2011 | 1:59am ET
Michigan's main public pension system is nearing the hire of a fund of hedge funds manager.The investment staff of the state's Bureau of Investments has almost finished its search, spokesman Caleb Buhs told Pensions & Investments. The selected fund of funds manager will win part of the $51.4 billion Michigan Retirement System's 6% hedge fund allocation.
Michigan boosted that allocation from 2% to 6% last year. Currently, the pension has about 2.8% of its portfolio—$1.46 billion—invested in hedge funds.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
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