Nebraska First-Responders Pension Quits Hedge Funds

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.

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