Virginia Retirement System, Richmond, might add active currency managers next year, said Nancy Everett, CIO. "We just think it's a place where we can add some value," she said. The $42 billion pension fund currently uses two active global equity managers, Goldman Sachs and Alliance Capital, as active currency managers for the system. Fund officials also discussed adding multistrategy hedge funds in 2005, she said. The system currently has 3.3% of total assets invested in hedge funds.