Pension Plan Allocates $200M to Hedge Funds

The San Diego County Employees Retirement Association (SDCERA) is planning to allocate $200 million to hedge funds.

The pension plan will set aside $100 million to long/short credit hedge fund Saba Capital Management, while the remaining $100 million is geared toward DE Shaw as part of its global macro/CTA portfolio, according to HFMWeek.

SDCERA currently allocates about $1.7 billion to 17 global macro and relative value hedge funds. » Pension Plan Allocates $200M to Hedge Funds
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