Private-equity, hedge fund IPOs concern pensions

07/20/2007 |

Large, public pension funds are concerned by the recent push by hedge funds and private-equity firms to go public. Pension administrators worry energy previously expended on managing investments will now go to managing a public company and keeping shareholders happy. While only a few hedge funds and private-equity firms are expected to file initial public offerings, they are likely to be the ones in which pension funds primarily invest.

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