Pensions & Investments – U.S. pension funds with nearly a decade of hedge fund experience under their belts remain strongly committed to the asset class, and some intend to put more money there this year.
Only 13 pension plans were invested in hedge funds in 2001 — the first year Pensions & Investments tracked allocations. Those 13 funds had a total of $3.7 billion in the asset class that year, and all but one — Weyerhaeuser Inc., Federal Way, Wash. — added a considerable amount to their allocations since then. Some plans that ran large portable alpha programs that relied on hedge funds as the alpha engine are scaling down from previous high allocations to more moderate targets.
