Philadelphia Board of Pensions and Retirement invested an additional $26 million in hedge fund Mason Capital Management, confirmed Christopher R. DiFusco, director of investments.
The additional investment brings the $4.4 billion pension fund’s total in the hedge fund to $50 million. Funding comes from an S&P 500 index fund managed by RhumbLine Advisers, which previously had about $298 million in assets.
Investment consultant Cliffwater assisted.
