WSJ – So far, the goal is to make the fund more conservative and liquid, which means scaling back so-called alternative investments that came with the car makers’ assets.
These include $2 billion in five hedge funds of funds, $380 million in equity real estate and $375 million in private equity, as previously reported in Pensions & Investments and confirmed by Mr. Henry in an email exchange.Earlier this year, consultant Ennis Knupp & Associates Inc. conducted a study of the benefit obligations to UAW retirees.
