Industry News

Check out the latest news and insight from the ever-evolving world of institutional investing and hedge funds from around the globe.

Jing Chen has been eVestment’s hedge fund industry news reporter since 2011. To submit industry-related press releases or request feature ideas please contact her at editor@evestment.com

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Milwaukee Pension Forays Into HF Investments

Apr 25, 2013
Jing Chen

Milwaukee City Employees’ Retirement System will make its first hedge fund investment.

Pensions & Investments reported that the pension system plans to allocate 5% of its total $4.2 billion in assets to hedge funds and absolute-return strategies.

Tom Rick, the chief investment officer of the system, told P&I that the system’s board will make a more detailed decision on the allocations sometime this summer, including the types of hedge fund strategies and whether invest in direct hedge funds or through funds of funds.

Investment consultant Callan Associates assisted with the system’s decision to delve into the hedge fund space.

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