Police Pensions Start to Ditch Hedge Funds and Emerging Manager Programs
Posted on 11/10/2022
The US$ 2.8 billion Detroit Policemen & Firemen Retirement System decided to eliminate the hedge fund asset class at its September 19, 2022 meeting. As of June 30, 2021, the target allocation to hedge funds was 5%. According to SWFI data, a number of safety pensions have reassessed investing into hedge funds over recent performance…
