MOSERS Approves More H.F.s

Jun 23 2006 | 8:37pm ET

The Missouri State Employees' Retirement System has approved more direct hedge fund investments at the expense of funds-of-funds. The move comes after the board approved increasing the plan's internal investment department staff to four.

The fund will hire a senior level person responsible for the hedge fund program, according to Christine Rackers, spokeswoman for the $7.1 billion plan. The program previously did not have a staff member designated to overseeing hedge fund investments. Information on the position should be posted to the plan's Web site  (www.mosers.org) by July 5.


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