Friday, 24 February 2017
Last updated 52 min ago
May 25 2006 | 8:37pm ET
U.S. pension funds are investing only a small portion of theirassets in hedge funds, according to a study released last week by Greenwich Associates.
In the first quarter, investors poured $27.6 billion into hedge funds, with the bulk of the money coming from private investors and endowments, not pension funds. Corporate pension funds allocated 0.9% of their assets tohedge funds, while public pensions allocated a mere 0.7%, according to the report. Meanwhile, endowments invested an average 12.3% of their assets in hedge funds.