Rhode Island pension terminates Och-Ziff and Brevan Howard funds

R.I. Treasurer Seth Magaziner said in a news release that investments in seven hedge funds have been terminated. / PBN FILE PHOTO/ MICHAEL SALERNO
R.I. Treasurer Seth Magaziner said in a news release that investments in seven hedge funds have been terminated. / PBN FILE PHOTO/ MICHAEL SALERNO
PROVIDENCE - Rhode Island’s $7.7 billion pension fund terminated investments in seven hedge funds, including Brevan Howard Asset Management and Och-Ziff Capital Management Group LLC, after voting last month to cut its allocation in half over two years. The state also terminated Brigade Capital Management LP, Emerging Sovereign Group LLC, Partner Fund Management LP, Ascend…

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