Thursday, October 9, 2014

Update: San Francisco Tables Move Into Hedge Funds

Update:  San Francisco Tables Move Into Hedge Funds

Yesterday, the trustees of the San Francisco Employees' Retirement System tabled the proposal to  allocate 15% of its assets to hedge funds.  While the vote resolves the matter for the moment, I expect that it will resurface in the future.  San Francisco's CIO and consultant are proponents of the move, and I'm certain that the hedge fund industry is eager to compete for another $2.5 billion to $3 billion in assets.

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