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A Sudden Hesitation in Ventura County

The $2.2 billion Ventura County Employees’ Retirement Association delays its foray into hedge funds.

A potential foray by the $2.2 billion Ventura County Employees’ Retirement Association into hedge funds is not a response to the economic downturn of the past year — the association’s nine-member board has been boning up on hedge funds since 2006. But Tim Thonis, retirement administrator of the Ventura, California–based

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