Danish Nurses Challenge Hedge Funds as Pensions Finance Windmills at Sea

http://www.bloomberg.com/news/2011-07-06/danish-nurses-challenge-hedge-funds-as-pensions-finance-windmills-at-sea.html

Hedge Fund Attraction

Pension managers don’t always get it right. In 2007, a then-record 15 percent made their first investment in hedge funds just before the industry’s record losses in 2008, which averaged 23 percent, according to London-based research firm Prequin Ltd. The percentage of pension firms investing in hedge funds for the first time rebounded last year to 17 percent.