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FUNDRAISING NEWS | November 07, 2022

Detroit Police & Fire Eliminates Hedge Fund Allocation; Redeems Two Real Estate Investments

Tags: Pension Funds, Alternative Insights, Real Estate, Hedge Funds

The Police & Fire Retirement System of the City of Detroit has approved eliminating their hedge fund position and has redeemed investments from two real estate funds, as described in meeting minutes from the September 19 meeting.

The most recent investment policy targets a 5% allocation to hedge funds. Investment consultant, Wilshire, assisted with the recommendation to exit hedge fund investments.

In addition, it was approved to redeem investments from real estate managers, American Realty and Intercontinental. Real estate consultant, ORG, assisted with the redemption recommendations.

Further details of the investments were not available.

For more public pension insights and a comprehensive library of public plan minutes, we would love to offer you a free trial of Dakota Marketplace!   

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Written By: Koncheng Moua, Director of Data Management and Strategy

Koncheng Moua is the Director of Data Management and Strategy at Dakota.

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