Boeing pension appoints new head of hedge funds

The $50.4bn (€34.5bn) pension fund of US airline manufacturer Boeing has appointed Scott Hamp as director of hedge funds to oversee a doubling of its allocation to the alternative asset class.

Hamp, who was previously senior director of international equities at the National Railroad Retirement Investment Trust Fund, will join the aircraft firm's pension fund on Friday.

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JPMorgan to Pay $330 Million Over 1MDB TransactionsExternal link

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