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San Joaquin County preps hedge fund portfolio

The new 7% portfolio is the pension fund's first formal allocation to hedge funds.

By Anastasia DondeWhen the San Joaquin County Employees' Retirement Association set out to create its first dedicated hedge fund portfolio, the California pension plan made two unusual decisions: The fund rewrote its asset allocation last June to make room for a 7% allocation of its $1.7 billion portfolio to a

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