Pension plans trending towards hedge funds

(CNS Business): Many pension plans are moving towards investing in hedge funds to try to make up the deficits that they were seeing and the old methods of investing, such as holding large amounts of cash, were not working, according to one expert during a panel discussion at this year’s GAIM Ops Cayman conference in key trends in the industry. Mark Hannoush, a Director with the Ontario Teachers’ Pension Plan, said hedge funds looked like a good place to generate returns and a good place for the defence of assets in times of stress. He said there had been tactical changes since the Madoff collapse of 2008 and now pension plans were starting to ask smart questions because they were being asked to do so. Read more on CNS Business