Faced with multi-billion dollar funding gaps, strained state finances and volatile markets, US public pension plans are turning to hedge funds to help improve the quality of their investment returns.
According to a study by Barclays Capital, pension plans in North America have increased allocations to hedge funds by around $250 billion since 2009, more than any other class of investors. These funds now have a total of $550 billion invested in hedge funds, up 80% from 2009. A further $40 billion
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