Hartford HealthCare, which oversees five hospitals and various other facilities across the state, has added a hedge fund to its employees’ choices for retirement plans, according to Neuberger Berman Group.
Neuberger, the investment manager offering the new fund, said the health care network is one of the first major not-for-profit institutions to introduce hedge funds into a mutual fund format for its employee’s defined contributed plans.
HHC has 18,000 employees and a retirement fund of approximately $650 million.
