J.P. Morgan Fleming Asset Management
has signed on its first defined contribution plan client for a life
cycle fund that contains two underlying hedge fund strategies. The
firm has signed on a multi-billion dollar U.S. defined contribution
plan, making it one of the first DC plans to offer hedge fund
strategies. "[Without any specific research] I haven't heard of
anyone else doing similar things," said Gerry O'Connor, a
consultant at the Spectrem Group. He added that using an aggressive
option in a life cycle...
This article was originally published in Alternative Investment News.