Alternative Perspective

The Cincinnati Retirement System views its foray into hedge funds as merely an addition of shorting to its portfolio.

When is a hedge fund not a hedge fund? When the Cincinnati Retirement System is investing in it. John Boudinot, executive director of the $2.7 billion pension plan, hopes to harness the returns associated with hedge funds, and avoid the risks, by entering the world of shorting through long-short equity funds of hedge funds.

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