May 19, 2006
Pension funds still wary of hedge funds
Despite hedge funds being touted as the next big thing, and quite a few institutional investors now trying them out, pension funds are still wary of hedge funds. A recently released study shows that pension funds invest only a small fraction of their assets in hedge funds even as these lightly regulated portfolios pull in billions of dollars in new assets every month. Reuters.com reports:
Some of the industry's best performing hedge fund managers have turned away pension fund money both because trustees often want more transparency and because they would have to invest pension funds' big chunks of money which might make the hedge fund less nimble in trading.
Read more: Pension funds not big hedge fund investors-report
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