Wednesday, 23 July 2014
Last updated 10 hours ago
Mar 8 2010 | 4:05am ET
The Windy City’s finest are going global. The Chicago Policemen’s Annuity & Benefit Fund plans to allocate about $150 million to a global macro hedge fund manager.
The $3 billion pension will issue a request for proposals next month. In the interim, it and consultant Ennis Knupp will determine whether to select a single-manager fund or a fund of hedge funds, Pensions & Investments reports.
The Chicago pension plans to allocate 5% of its assets to the global macro mandate. It will be funded by a reduction in the plan’s domestic equity portfolio.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…