Hedge funds provide substantial benefits for critical organizations such as pensions, foundations, nonprofits, and univeristy endowments. It’s the hope of Rane Smith, a Utah resident, that his state’s elected officials and those across the country recognize the value hedge funds provide. He voices his concerns in a letter to the Deseret News. Key excerpts found below.
“We must ensure pensions, nonprofit and university endowments have a clear recovery path. These organizations invest in hedge funds, which play a critical role in their long-term financial stability.”
“Pensions, endowments and other institutional investors depend on hedge funds, a misunderstood but important aspect of Wall Street, to secure their financial well-being. Hedge funds employ sophisticated market strategies to generate stable, durable returns on investment for entities like Utah Retirement Systems, which invest over $5 billion for 224,290 plan participants. Hedge funds play a crucial role in growing these investments over time, and the gains made from these investments benefit ordinary Americans.”