Philadelphia Public Employees' Retirement System plans to invest up to 5% of the $3.9 billion system's assets in hedge funds, said Anthony Johnson, CIO. The plan is searching for a fund-of-funds manager and expects to fund one early next year, Mr. Johnson said during the Global Absolute Return Congress in San Francisco. Further information was not available at press time.
Philadelphia Public Employees' Retirement System plans to invest up to...
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