California pension looks to cut liquid credit allocations

By Michelle D'souza

Friday, February 07, 2020

Fresno County Employees’ Retirement Association will likely cut back on liquid credit and completely remove hedge fund allocations in 2020.. But the pension is optimistic about core bonds – and may include it as a new asset class

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TAGS: Direct lending Emerging markets High yield bonds Investment grade credit Structured credit Leveraged loans North America Institutional investor

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