Fresno Pension Fund Looking For Real Alternatives, Will They Get It?

The Fresno County pension fund is looking to double its hedge fund allocation, upping the assets dedicated to alternative investments from 4% to 8%, and they are in the process of hiring consultants to help them allocate the assets. Overall the group’s allocation to alternatives is 22%, and includes 6% to private equity, 8% to private credit in addition to the hedge fund allocation. But will the pension get real noncorrelated advice with a definable and understandable selection process that generates positive results? Will that process be made public? Such are the questions as pension fund consultants have been coming under…