Wednesday, 20 August 2014
Last updated 7 hours ago
Jun 5 2012 | 12:08pm ET
Arkansas' main public pension fund is set to jump into hedge funds for the first time.
The $4.7 billion Arkansas Public Employees Retirement System, heretofore extremely reluctant to move into the hedge fund space, voted in April to hire a fund of hedge funds, HFMWeek reports. The pension is now searching for a manager to handle a $100 million mandate.
The change of heart follows a February board meeting, at which APERS' executive director and Grosvenor Capital Management sought to demonstrate the value of hedge funds to the pension's portfolio.
Hedge funds "could mitigate much of the volatility currently found in the APERS portfolio without adding any risk," executive director Gail Stone said.
Aug 4 2014 | 7:42am ET
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The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note