Boeing To Invest $1.7B In HFs

Date: Friday, November 20, 2009
Author: Pensions & Investments

Boeing will seek direct hedge funds for investments, worth $1.7 billion, by early 2010, Pensions & Investments reports. The aerospace and defense company is planning to invest in the funds, which may include separate accounts or commingled direct hedge funds.

The search will commence after officials at the $43.6 billion defined benefit plan determine the structure of the program. Albourne Partners will act as a specialty consultant to assist Boeing with the hedge fund study and implementation. The plan currently has 3% invested in hedge funds, as compared to the overall target of 7%.