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Penn. Schools seeks hedge fund consultant

February 22, 2010

The $46.7 billion pension system is looking to hire a consultant to assist with its 7.5% allocation to absolute return strategies.

The $46.7 billion Pennsylvania Public School Employees Retirement System has issued a request for proposals for a consultant to advise on hedge fund investments. The system has 7.5% of its portfolio invested in absolute return strategies and wants to hire a...