{"id":9472,"date":"2008-12-22T00:00:00","date_gmt":"2008-12-22T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"nappier-eyes-hedge-fund-bets","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/12\/2008\/nappier-eyes-hedge-fund-bets.html","title":{"rendered":"Nappier Eyes Hedge Fund Bets"},"content":{"rendered":"<p>Hartford Business &#8211; State Treasurer Denise L. Nappier said she plans to approve rule changes by January allowing her to allocate up to 8 percent of the state&rsquo;s $20 billion pension fund in nontraditional investments such as hedge funds.<\/p>\n<p>The move marks a departure from a more conservative investment strategy and comes shortly after the Connecticut funds lost nearly $5 billion in pension assets in the depressed market. <\/p>\n<p>The shift in approach also comes when the hedge fund industry is under stress. The sector&rsquo;s total assets declined by more than 20 percent between June and October, and the unraveling of Bernard Madoff&rsquo;s $50 billion Ponzi scheme this month has spotlighted what many see as a general lack of transparency in the industry. <\/p>\n<p>Still, Nappier said investing in hedge funds and other alternative instruments will allow the pension plan to reduce volatility, produce slightly higher returns and create better diversification. <\/p>\n<p><a href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.hartfordbusiness.com\/news7498.html\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hartford Business &#8211; State Treasurer Denise L. Nappier said she plans to approve rule changes by January allowing her to allocate up to 8 percent of the state&rsquo;s $20 billion pension fund in nontraditional investments such as hedge funds. The [&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":[4331,4382,4381,4380,3141,4387,4378,4385,1482,4379,4386,3745,217,4384,4383,1527,4388,699],"class_list":["post-9472","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-bernard-madoff","tag-business-state","tag-conservative-investment","tag-depressed-market","tag-diversification","tag-hartford","tag-investing-in-hedge-funds","tag-investment-strategy","tag-investments","tag-nappier","tag-pension-plan","tag-pension-assets","tag-pension-fund","tag-rule-changes","tag-state-treasurer","tag-stress","tag-transparency","tag-volatility"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9472","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=9472"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9472\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=9472"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=9472"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=9472"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}