Cinergy Corp., Cincinnati, hired Clifton Group Investment Management to run an alpha overlay program on top of the $52 million the $1 billion pension fund has invested in hedge funds of funds, said Richard Floyd, manager, trusts and investments. Cinergy implemented the overlay program to outperform the S&P 500 through "alternative means," Mr. Floyd said.
Cinergy Corp., Cincinnati, hired Clifton Group Investment Management...
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