Monday, 24 October 2016
Last updated 2 days ago
Jan 13 2006 | 8:21pm ET
The Brockton (Mass.) Retirement System is considering investing in hedge funds after a pension obligation bond issued in 2005 pushed the fund over the $250 million-mark, the minimum amount needed for Massachusetts public pension funds to be allowed to invest in hedge funds.
Harold Hanna, executive director of the $280 million plan, said the plan is reviewing its asset allocations and evaluating its liabilities before deciding whether to entertain hedge funds, which he thinks would "spice up" the plan's portfolio. The review is expected to take six to eight months. Evaluation Associates will assist with the reviews.