Friday, 28 October 2016
Last updated 11 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.