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Philadelphia Pension Makes HF Investment

Aug 13, 2013
Jing Chen

The Philadelphia Board of Pensions and Retirement invested an additional $26 million in hedge fund firm Mason Capital Management.

Pensions & Investments reported that the new allocation will bring the pension fund’s total investment in Mason Capital to $50 million.

Investment consultant Cliffwater assisted with the investment.

The pension fund manages approximately $44 billion for city employees.

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