Pension funds are missing out on alternative growth opportunities by avoiding hedge funds, according...
Pension funds are missing out on alternative growth opportunities by avoiding hedge funds, according to Kanesh Lakhani, a director at State Street Global Advisors. Lakhani said the mention of the words "hedge funds" often conjured up images of financial speculation and recklessness as a result of high-profile protagonists such as George Soros and Julian Robertson. In a recent Phillips & Drew survey of pension investment managers, none of those questioned use hedge funds as an investment vehicle although 36% said they would consider their use. However, some 64% said they would not use hedg...
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