Max to trim hedge fund allocation further still
Max Capital has announced that it intends to further reduce its
investment allocation to alternative assets from 14 percent to a
10-12 percent range at the end of 2008.
Max said the change in strategy - which has seen continual
reductions in its allocation to alternative assets from as high as
29 percent back in 2005 - is well underway. Following its
anticipated merger with IPC, it expects the combined company to
target this same 10-12 percent allocation and to...
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