US- The Fresno County Employees' Retirement Association, Calif. has trimmed its hedge fund of funds allocation by nearly four percentage points a mere six months after adding the asset class to its portfolio.
Trustees voted on February 4 to decrease the allocation to hedge fund of funds to 5% from the 8.7% approved in August. According to minutes recently posted on the pension funds' website, presid...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
