Paamco Wins North Carolina Mandate
The North Carolina Retirement System has appointed fund of hedge funds firm Paamco.
The North Carolina Retirement System has appointed fund of hedge funds firm Paamco, HFMWeek reports. The appointment is an initiative to expand the $85 million system’s allocation to credit hedge funds The pension has also granted a full recovery from its investment in hedge fund firm SCS Global. Previously, the North Carolina system invested in hedge funds only through the pension’s Alternative Investment Fund alongside private equity, with an overall allocation limit of 5%.
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