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Montan Pension Systems May Try Hedge Funds. As boomers begin to retire, managers need high returns

July 25, 2007 /

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Determined to keep its promise to the state’s public employees, teachers, police officers and firefighters, the Montana pension system http://www.investmentmt.com/ may venture into a high-stakes corner of the investment world: hedge funds.

The idea was proposed in two recent studies commissioned by the $8 billion retirement system, which also recommended opening up to other nontraditional investments to keep generating the annual returns necessary to meet its obligation to retirees.

By TOMOEH MURAKAMI TSE
The Washington Post

Full Story: http://www.tennessean.com/apps/pbcs.dll/article?AID=/20070725/BUSINESS01/707250399

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