Boeing Hires For Hedge Fund Increase
August 27, 2008
The Boeing Company has hired Scott Hamp to serve as director of hedge funds for the company's $50.4 billion pension fund.
Hemp, previously senior director of international equities with the $32 billion National Railroad Retirement Investment Trust Fund (NRRITF), has been brought on board as Boeing prepares to double its hedge fund allocation from 3% to 6%, or approximately $3 billion, according to published reports.
Officials at Boeing did not respond to queries seeing additional details on Hamp’s hire and allocation change.
Plans to replace Hamp at the NRRITF could not be ascertained, as calls to Catherine Lynch, CEO and CIO at the plan were not returned by press time.
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