{"id":9335,"date":"2008-12-11T00:00:00","date_gmt":"2008-12-11T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"connecticut-pension-fund-to-enter-hedge-funds-after-5-billion-loss","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/12\/2008\/connecticut-pension-fund-to-enter-hedge-funds-after-5-billion-loss.html","title":{"rendered":"Connecticut Pension Fund to Enter Hedge Funds After $5 Billion Loss"},"content":{"rendered":"<p><span class=\"Apple-style-span\"><span class=\"Apple-style-span\">StreetInsider.com &#8211; <\/span>Connecticut State Treasurer Denise Nappier is moving forward with a plan to invest in hedge funds after losing $5 billion of pension assets this year.<\/p>\n<p>Nappier will begin allocating up to 8% of the $20 billion she oversees for public sector employees and teachers into hedge funds after the state&rsquo;s investment advisory council approved the plan later today.<\/p>\n<p>Ironically, Connecticut, which has many of the world&#8217;s largest hedge funds, is one of the few states that doesn&rsquo;t invest its public pension in the asset class.<\/p>\n<p>The three retirement funds Nappier controls are heading for the worst annual performance since at least 1991, according to treasurer&rsquo;s office data. Bloomberg reported asset values fell 19.5% to $20.7 billion from $25.9 billion between July 1 and the end of October.<\/span><\/p>\n<p><a href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.streetinsider.com\/General+News\/Connecticut+Pension+Fund+to+Enter+Hedge+Funds+After+%245+Billion+Loss\/4229995.html\" target=\"_blank\"><span class=\"Apple-style-span\">Read Complete Article<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>StreetInsider.com &#8211; Connecticut State Treasurer Denise Nappier is moving forward with a plan to invest in hedge funds after losing $5 billion of pension assets this year. Nappier will begin allocating up to 8% of the $20 billion she oversees [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[761,67,2192,2984,402,4109,1027],"class_list":["post-9335","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-asian-strategy","tag-chief-executive","tag-collateral","tag-felonies","tag-investment-firm","tag-market-discipline","tag-spike"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9335","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=9335"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9335\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=9335"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=9335"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=9335"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}