Pension Funds Face Increased Regulations

Managing Director, John D'Agostino observations from the semi-annual SACRS (State Association of County Retirement Systems) conference.

The SACRS Conference:

• 20 California pensions represented (out of ~40 major public pensions in the state)
• Majority of state pension assets represented at this conference (>1T)
• CIOs and Trustees attended

While we are all aware that our industry currently faces some headwinds, our observations indicate that there had never been a better and more crucial time to educate the industry on the need for hedge funds and the role they play in achieving stable uncorrelated alpha.

The following are summary takeaways from discussion with conference attendees. Of course, these are observations culled from a fairly small sample set.