Saturday, 22 October 2016
Last updated 20 hours ago
Sep 28 2012 | 11:50am ET
A Nebraska pension fund has given up on hedge funds.
The Lincoln Fire and Police Retirement System has decided to pull out of the asset class. The $168 million public pension therefore terminated JPMorgan Asset Management, which had been running a fund of hedge funds portfolio for Lincoln, Pensions & Investments reports.
The $9.6 million proceeds of the pension's JPMorgan redemption were invested in Invesco's Balanced-Risk Allocation Fund.