This content is from: Premium

Hedge Fund Holdouts

Suspicious of returns, balking at fees and fearing a meltdown, many leading pension funds and non profits remain skeptical of hedge funds.

When Robert Maynard hears investors boast about making a killing in hedge funds, he's reminded of gamblers coming back from Las Vegas.   "You only hear about people who have won," says Maynard, 52, chief investment officer of the $8.7 billion Public Employee Retirement System of Idaho. "You don't hear about the

To continue reading, subscribe now to Premium Journalism. Already a subscriber? Login.

Related Content