Alternatives.(Morgan Stanley to acquire stake' in Abax Global Capital)(public pension plans regulations)

Pensions & Investments, March, 2007

House panel expresses qualms over hedge funds WASHINGTON - Key federal lawmakers at a House Financial Services Committee hearing March 13 expressed concern about what might happen to pension funds if their hedge fund investments go sour. The lawmakers provided little guidance on what sort of cure they might prefer, other than a suggestion from Rep.

Stephen Lynch, D-Mass., that the percentage of pension plan assets exposed to hedge funds should somehow be limited. Rep. Jeb Hensarling, R-Texas, said he was concerned that losses from pension funds that make bad hedge fund investments could contribute to the need for a taxpayer bailout of the Pension Benefit Guaranty Corp. Rep. Barney Frank, D-Mass., said he is concerned about public pension plans, which are...

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