New York City Pensions Consider First Hedge-Fund Investments
This article is for subscribers only.
New York City’s pension funds for police officers, firefighters and civil employees are seeking proposals from hedge fund consultants as they weigh whether to invest in the loosely regulated investment pools.
The three funds, with combined assets of $64.5 billion as of March 31, want advice from firms on formulating strategy, identifying new investments and monitoring portfolios, according to a request for proposals from the comptroller’s office.