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Outdated Rules Burden Phoenix Pension
Copers investment manager Greg Fitchet tries to break the shackles of an outmoded charter in Phoenix.
When a pension fund wants to invest in hedge funds, it generally has to jump through some hoops first. There are boards of directors to educate, risk levels to measure, beneficiaries to consult. At the $1.3 billion City of Phoenix Employees’ Retirement System (Copers), the process is complicated even further
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