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It's no secret that pensions across the country are having difficulty meeting their responsibilities
to retirees. It's also important that pension fund managers who are managing money for these
retirees have recognized that hedge funds not only generate additional returns, they
also help protect against downside market risk. This has resulted in increased allocations
to pensions over time because of the successful relationship. A recent study indicated that
if pensions continue to increase allocations only slightly, as much as $13 billion could
be generated in revenues to help close the gap in unfunded liabilities. The relationship
between pensions and hedge funds is working, and it's going to help provide a secure future
for thousands of retirees.