The $300 million Bucks County (Penn.) Employees Retirement Fund is going through an education process on alternatives and real estate.
The fund's consultant, Michael Cosack, managing director at PFM Advisors, said the plan will continue to examine hedge funds and private equity as a way to enhance portfolio returns. "It's an ongoing discussion," said Cosack, adding that the fund may make an investment as early as the end of this year.
The fund has already made an investment in REITs, but currently does not have any investments in hedge funds or private equity.