Wednesday, 28 January 2015
Last updated 33 min ago
Apr 26 2013 | 9:54am ET
The Milwaukee City Employees' Retirement System is preparing for its first foray into hedge funds.
The $4.2 billion public pension fund's new asset allocation plan includes hedge funds for the first time. Milwaukee aims to put 5% of its portfolio into hedge funds and absolute-return strategies, Pensions & Investments reports; whether it will use funds of funds and invest directly, and what strategies will be targeted, have yet to be determined.
Decisions on searches are expected to come this summer.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…