{"id":5532,"date":"2007-01-11T00:00:00","date_gmt":"2007-01-11T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"city-pensions-may-be-put-in-hedge-funds","status":"publish","type":"post","link":"https:\/\/www.hedgeco.net\/news\/01\/2007\/city-pensions-may-be-put-in-hedge-funds.html","title":{"rendered":"City Pensions May Be Put in Hedge Funds"},"content":{"rendered":"<p>  <span class=\"article_small\">New York Sun &#8211; The city comptroller, William Thompson Jr., is in the final stages of studying whether the city&#8217;s five pension funds should start investing in hedge  funds.<\/span><\/p>\n<p>  <span class=\"article_small\">The comptroller raised the possibility of the change in investment policy during a speech at an economic forum convened by the Reverend Jesse Jackson earlier this week.  He later confirmed to The New York Sun that it was something his office is considering.<\/span><\/p>\n<p>  <span class=\"article_small\">Advocates say hedge funds could help the city maximize investment returns, and that many other large institutional investors, including the State of New York and many  colleges and universities, already invest in the funds. Critics say the funds are risky and that investing in them could expose the comptroller to accusations of &#8220;pay to play,&#8221; accepting campaign  contributions from money managers who earn fees for managing public funds.<\/span><\/p>\n<p>  <span class=\"article_small\">Mr. Thompson is expected to run for mayor in 2009, and hedge fund managers and their lawyers could prove to be a rich source of campaign funds.<\/span><\/p>\n<p>  <span class=\"article_small\">The assistant comptroller for pensions, Joseph Haslip, said the office, which manages the city&#8217;s five funds, valued at about $95 billion, is &#8220;in the final leg of  research&#8221; and plans to bring the hedge fund issue to its 40 trustees &#8220;within this year.&#8221;<\/span><\/p>\n<p><a href=\"http:\/\/www.google.com\/news\/url?sa=T&amp;ct=us\/4-0&amp;fd=R&amp;url=http:\/\/www.nysun.com\/article\/46472&amp;cid=0&amp;ei=fj2mRfP9HobOpwL1spjADA\">Read Complete Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York Sun &#8211; The city comptroller, William Thompson Jr., is in the final stages of studying whether the city&#8217;s five pension funds should start investing in hedge funds. The comptroller raised the possibility of the change in investment policy [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-5532","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/5532","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=5532"}],"version-history":[{"count":0,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/5532\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=5532"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=5532"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=5532"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}