PERS To Continue To Invest In Hedge Funds
The board of the Ohio Public Employees Retirement System voted to remain invested in hedge funds, despite higher fees and poorer returns. Trustees recently voted to keep benefits' exposure to hedge funds at 8 percent of its 87 billion dollar total. The exposure for investments in the system's separate health care fund is 6 percent. The system has 6.5 billion dollars invested in hedge funds between both funds.