Public pension funds remain bullish on hedge funds

Wealth Bulletin- Money managers at public pension funds have adopted a surprisingly bullish stance on investing in hedge funds despite the turmoil plaguing the alternative investment vehicles, a recent survey by Hedge Fund Manager Week showed, according to a report in The New York Times.

About 50% of the respondents said they already allotted a portion of their capital towards hedge funds. Interestingly, none of them intend to decrease the amount in the next three years, with 41% in fact planning to raise their exposure to hedge funds.

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