Critics of hedge funds who believed that the obituary had already been written for these controversial investment vehicles received some disappointing news this week. The San Francisco Public Employees Retirement System decided to allocate money to hedge funds for the first time, announcing that $1 billion would be invested in these funds as part of a rebalancing of their $20 billion portfolio.
Critics of hedge funds who believed that the obituary had already been written for these controversial investment vehicles received some disappointing news this week. The San Francisco Public Employees Retirement System decided to allocate money to hedge funds for the first time, announcing that $1 billion would be invested in these funds as part of a rebalancing of their $20 billion portfolio.
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