This content is from: Innovation

Fairfax System To Boost HF Allocation

The Educational Employees’ Supplementary Retirement System of Fairfax County is seeking to increase its hedge funds allocation.

The Educational Employees’ Supplementary Retirement Systemof Fairfax County is seeking to increase its hedge funds allocation, HFMWeek reports. The system’s investment consultant, NEPC, has suggested raising the allocation to 8% from 5%.

The pension fund is likely to allot $32 million to each of its two existing fund of hedge funds managers, Grosvenor and Permal. NEPC has also recommended a new 5% allocation to emerging markets debt and emerging markets equities and reductions in traditional equities and fixed income.

Click here for the story from HFMWeek.

Related Content