Brockton Considers Hedge Funds After Bond Issue

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.


In Depth

Dillon Eustace: The Advantages of ICAVs

Feb 11 2016 | 7:51pm ET

As the growth of alternative investment vehicles continues, global asset managers...

Lifestyle

Citadel's Ken Griffin Donates $40M To New York's Museum of Modern Art

Dec 22 2015 | 9:23pm ET

Citadel founder Ken Griffin has donated $40 million to New York’s Museum of Modern...

Guest Contributor

Hedging Against Reputational Risk in the 21st Century

Feb 12 2016 | 7:18pm ET

For investors, the first step in researching a new fund or manager is to google...