MSRPS Doesn’t Want Strict Hedge Fund Exposure Caps
Just because CalPERS is moving away from alternative investments doesn’t mean the rest of the pension fund industry will follow suit. When consultants at Meketa Investment Group recommended that the Maryland State Retirement and Pension System (MSRPS) put a hard 17% cap on total exposure to hedge funds, MSRPS staff pushed back because it wants more flexibility, according to minutes from the May 21 meeting.
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