03/18/2010 05:12 am ET Updated May 25, 2011

Public Pension Fund Being Invested in Hedge Funds In New York

The New York state pension fund is plowing money back into hedge funds, with plans to invest more than $1 billion by year's end. This after the hedge fund industry experienced its worst year in recent memory, with most funds losing an average of 28% over 2008.

Read more on Crain's New York Business