Risk management for investors

Introduction

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The Massachusetts state pension plan’s decision to allocate $1.6 billion into hedge fund investments shows that this type of asset allocation is beginning to shake off its ‘alternative’ moniker.

Investing in hedge funds is going to become fundamental to the way pension funds invest. And at the current rate of progress, that could happen faster than many people have previously thought.

Of course, such strategic decisions remain the exception rather than the norm, which is one of the reasons Mas

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