$ 1.2b hedge fund investments for Pennsylvania schools

Pension plan for Pennsylvania retired public school employee has invested a further 1.2 billion dollars in single and multi-strategy hedge funds.

51 Billion dollars, Pennsylvania Public School employees ' Retirement System increased its hedge fund target of 10% of the assets to 12 percent, according to a pensions and investment report.

1.2 billion dollars will be released for new hedge fund managers under advice from hedge fund consultant Aksia. 550 million dollars has so far invested 300 million dollars to Boston-based Mariner investment group and 250 million dollars to the London-based Capula management.

31 March totaled's hedge fund assets 4.92 billion dollars.

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