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…

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