Institutional

The California Public Employees' Retirement System is fueling the expansion of one of the fastest-growing hedge funds in Asia.

The Alternative Investment Management Association has new leadership atop its investor steering committee.

Nutritional supplements company Herbalife has opened a new front in its battle with hedge fund manager William Ackman, trying to hit the Pershing Square Capital Management founder where it really hurts.

The Illinois Teachers' Retirement System is keeping its fund of hedge funds management local.

Don SteinbruggeJudge Steven W. Rhodes’ ruling that the City of Detroit is officially bankrupt and that pension benefits for public pension fund beneficiaries may be reduced will have major repercussions throughout the public pension fund industry, writes Don Steinbrugge, chairman of Agecroft Partners .

Bankruptcy trustee Richard Davis has accused Alphonse Fletcher of defrauding investors in his Fletcher Asset Management, with "wildly inflated valuations" that make the firm look like a "Ponzi scheme."

A hedge fund manager facing a Securities and Exchange Commission fraud probe has resigned as adviser to the New Haven, Conn., Police and Fire Pension Fund Retirement Board.

Nuveen Asset Management has hired David Wilson as managing director to lead the firm’s newly-formed Institutional Solutions Group.

New York State has launched an investigation into the advisory firms that help its pension funds invest some $350 billion in retirement funds.

U.S. college and university endowments, among the earliest and largest investors in alternative investments, are taking a step back from the space.