Sunday, 21 December 2014
Last updated 1 day ago
Jun 11 2014 | 8:46am ET
A $2.1 billion Oklahoma pension fund is cutting back on alternative investments.
The Oklahoma Firefighters Pension & Retirement System has slashed its target allocation to “other assets,” which includes hedge and private equity funds, from 11% to 8%, Pensions & Investments reports. The public pension fund also cut its allocation to real estate from 14% to 10%.
The freed-up money from both asset classes will go to an increased allocation to domestic equities, whose target is now 42%.
OFPRS’ other allocations, including to fixed-income hedge funds, were unchanged.
Troy Brown, a consultant to the pension, said that he did not expect the changes to result in any terminations.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
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