GAO Report on Defined Benefit Investments in Hedge Funds

In a report to Congress, the General Accounting Office concludes that guidance is needed to better inform defined benefit plans of the challenges and risks of investing in hedge funds and private equity.

Document Excerpt

According to several recent surveys of private and public sector plans, investments in hedge funds and private equity generally comprise a small share of total plan assets, but a considerable and growing number of plans have such investments.


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