The global hedge fund business started the fourth quarter of 2021 on a high note, with aggregate industry performance at +1.88 per cent in October and just over 70 per cent of funds reporting to eVestment seeing positive results for the month, according to the just-released October 2021 eVestment hedge fund performance data.
Some PSERS staff believe the probe’s findings could be damaging to their reputations. So their lawyers are pushing for the report to be kept private or contain rebuttals.
While the average hedge fund asset allocation by public pension funds has been on the decline due to concerns with low performance and high fees, interest from Canada’s largest pension fund remains strong.
Defined benefit (DB) pension schemes should pay more attention to optimising their inflation hedging strategies due to current volatile inflation rates, according to LCP.
The retirement fund has been around since the 1940′s but it’s teetering off a precarious ledge. The review board found the fund will run out of assets by 2043, in a best-case scenario.