US - The Massachusetts state pension fund will begin bypassing middlemen by directly investing as much as $500m in hedge funds.
The board that oversees the $49.5bn fund, known as the Massachusetts Pensions Reserves Investment Trust, voted today to hire Cliffwater to advise it as it shifts money out of the $3.8bn it has plac...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date