New York City Employees’ Retirement System

Giant NYC Pension Fund Expected to Divest from Hedge Funds

April 14, 2016 Debbie Jacobs Hedge Fund News

The country’s largest pension fund for municipal employees, the New York City Employees’ Retirement System, is preparing to vote on Thursday to divest its investments out of hedge funds. It is expected that a majority of the pension fund’s trustees will choose move its money out of risky and high-fee-burdened hedge funds to funds which […]

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