The Educational Employees’ Supplementary Retirement System of 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.
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