{"id":42764,"date":"2014-06-26T08:12:01","date_gmt":"2014-06-26T12:12:01","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=42764"},"modified":"2014-06-26T08:12:01","modified_gmt":"2014-06-26T12:12:01","slug":"hedge-fund-firm-rehired-by-state-for-pension-advice","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/06\/2014\/hedge-fund-firm-rehired-by-state-for-pension-advice.html","title":{"rendered":"Hedge fund firm rehired by state for pension advice"},"content":{"rendered":"<p>The Boston Globe &#8211; As the Massachusetts state pension fund overhauls the way it invests in hedge funds, it has rehired a money management firm the fund once dropped \u2014 this time only to offer advice about funds run by others.<\/p>\n<p>The state\u2019s Pension Reserves Investment Trust has tapped Arden Asset Management of New York as its new hedge fund consultant. Arden, which manages $6.3 billion by investing money in other hedge funds, was one of many firms ensnared in the Bernard Madoff scandal. The Madoff bankruptcy trustee sued Arden to recover $43.4 million in a case that remains unresolved.<\/p>\n<p><a href=\"http:\/\/www.bostonglobe.com\/business\/2014\/06\/25\/mass-state-pension-fund-taps-firm-consult-hedge-funds-that-was-early-exiting-madoff\/HQv7a6ThwNijsHBvgA2xfN\/story.html\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Boston Globe &#8211; As the Massachusetts state pension fund overhauls the way it invests in hedge funds, it has rehired a money management firm the fund once dropped \u2014 this time only to offer advice about funds run by [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-42764","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/42764","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=42764"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/42764\/revisions"}],"predecessor-version":[{"id":42766,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/42764\/revisions\/42766"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=42764"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=42764"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=42764"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}