Va. Plan Decision On Alts. 'Doesn't Look Promising'

Jun 16 2006 | 9:56pm ET

The Norfolk (Va.) Employees Retirement System will discuss a potential investment in hedge funds and funds-of-hedge funds at its board meeting this month, however the discussion "doesn't look promising," according to a source close to the plan.  

Kamal Khanna, cio of the $786 million plan, declined to comment, but in January he had said that the plan was beginning an education into alternatives. The plan's consultant is Summit Strategies Group.


In Depth

Q&A: Omni Macro Fund Bullish On India, Watching China

Mar 4 2015 | 3:35pm ET

Omni Macro Fund was formed in 2007 by Stephen Rosen, previously a prop trader at...

Lifestyle

Hedge Fund Manager Out as Minnesota Wild Minority Owner

Feb 25 2015 | 2:45pm ET

New York hedge fund manager Philip Falcone is no longer a minority owner of the...

Guest Contributor

Managing Diversification And Drawdowns In The “New Normal”

Mar 5 2015 | 2:42pm ET

In 2008-2009 diversification alone failed to provide adequate risk management for...

 

Editor's Note