South Carolina Wants Smaller Hedge Fund Managers

There has been an ongoing academic debate in the hedge fund industry as to what size fund generates the best performance, large or small hedge funds.  Now South Carolina’s pension system is weighing in on the issue. The $30 billion pension system is interested in allocating to smaller hedge fund manager to enhance diversification and capture increased returns, state treasurer Curtis Loftis was quoted as saying in a Bloomberg Briefs report by Nathaniel Baker. Interested hedge fund managers invited at public meetings Showing a degree of southern hospitality, Loftis invited interested hedge fund managers to come on down and “show up” at public meetings,…