Massachusetts
Hedge funds deliver for Massachusetts retirees, students, and nonprofits
Across the Bay State, hedge funds deliver for retirement security, college education, and the important work done by nonprofits and charities through $124.8 billion in investments. Institutional investors – like pensions, university endowments, and nonprofits – use hedge funds to meet financial obligations, diversify their investment portfolios, and manage risk.
Total hedge fund investments:
$81.6 billion
Delivered for pensions:
$32.8 billion
Delivered for colleges:
$25.2 billion
Delivered for nonprofits:
$23.6 billion
Private credit to business:
$14 billion
GDP generated:
$21.6 billion
Jobs created:
120,598
Retirement plans
Deliver for pensions:
$32.8 billion
At least
94
retirement plans invest in hedge funds including:Massachusetts Pension Reserves Investment Management Board
$10.8 billion
212,299 plan participants
Mass General Brigham ERISA Master Trust
$5.8 billion
73,268 plan participants
State Retirement Board
$3.7 billion
197,344 plan participants
Colleges & Universities
Deliver for colleges:
$25.2 billion
Harvard Management Company
$19.5 billion
Boston University Endowment
$1.3 billion
Williams College Endowment
$1.325 billion
Foundations & Nonprofits
Deliver for nonprofits:
$23.6 billion
At least
28
foundations and nonprofits invest in hedge funds including:University of Massachusetts Foundation
$1.3 billion
Dana-Farber
$694 million
Barr Foundation
$680 million
Methodology
Private credit and hedge fund investment data is primarily sourced and licensed from Preqin's alternative asset database as of February 2026 or from publicly available federal datasets. Private credit GDP and job estimates are calculated using the IMPLAN 2025 Model Year for the United States. Sources for additional information displayed are noted where the data appears.
