Rhode Island Pension Terminates Och-Ziff and Brevan Howard FundsBy
State pension plan cutting allocation to hedge funds in half
Hedge fund allcation to be cut to 6.5 percent from 15 percent
Rhode Island’s $7.7 billion pension fund terminated investments in seven hedge funds, including Brevan Howard Asset Management and Och-Ziff Capital Management Group LLC, after voting last month to cut its allocation in half over two years.
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