Editor’s view: Will others follow NYCERS out the exit door?

Although high profile redemptions get all the publicity, other pension plans are growing their allocations to the sector


New York City Employees’ Retirement System’s move to redeem $1.5bn of hedge fund investments has garnered plenty of headlines with commentators speculating on whether it will trigger similar redemptions nationwide. Certainly closer to home there could be, as we highlight this week. The five New York public pension schemes share