Outdated Rules Burden Phoenix Pension

Copers investment manager Greg Fitchet tries to break the shackles of an outmoded charter in Phoenix.

Katie Gilbert May 18, 2009

When a pension fund wants to invest in hedge funds, it generally has to jump through some hoops first. There are boards of directors to educate, risk levels to measure, beneficiaries to consult. At the $1.3 billion City of Phoenix Employees’ Retirement System (Copers), the

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