Hedge Fund Investments By Pension Plans

July 6, 2011Articles New York Law Journal
Harvey M. Katz discusses the exemptions hedge fund managers take advantage of to escape the need to comply with ERISA plan asset regulations, and how increased interest by pension plans in hedge funds has caused additional pressure on funds using the most common exemption, the 25 percent limit.

"While all pension plan investments are governed by ERISA, hedge fund investments raise special issues for the fund managers and the pension plans making the investments," Katz wrote.