Pentegra Group, White Plains, N.Y., hired Arden Asset Management to manage $10 million in a hedge fund of funds for its $1.6 billion Financial Institutions Retirement Fund, said Horace J. Caulkins, chief investment officer. Funding will come from reductions to equity and fixed-income portfolios. Further details were not available.
Pentegra Group , White Plains, N.Y., hired Arden Asset Management to...
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