Pentegra is a national provider of full-service retirement programs. Pentegra has invested in hedge funds and fund-of-funds since the late 1980s but discontinued its investments in 2006. Pentegra plans to re-allocate to alternatives in the future but is waiting until its' board meets and its' regulations are defined. The firm dedicates 15% of their pension to alternative investments. The firm currently has 2 billion in assets under management and had 200 million dedicated to alternative investments.