Rhode Island Pension Terminates Och-Ziff and Brevan Howard Funds

  • 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.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.