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Why ISBI's Marc Levine Slashed Its Hedge Fund Exposure
The Illinois State Board of Investment has radically tilted its portfolio in the name of investment excellence and slashing costs -- and few hedge funds survived the cull.
Photo credit: Marc Levine, chair of the Illinois State Board of Investment (ISBI) (Photographs by Lyndon French).In person, Marc Levine is anything but passive. Particularly when talking about pensions, one of his favorite subjects, Levine is positively animated. He raises his voice, he gesticulates, he speaks with passion, he cracks
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