Thursday, 18 September 2014
Last updated 2 hours ago
Feb 10 2006 | 9:43pm ET
The $12.7 billion Teachers Retirement System of Louisiana may put up to $1.25 billion back into its alternative investment program, with as much as half going to new managers.
Brendan Brosnan, investment manager, said the program returned $1.25 billion in cash in 2005 and "it's our intention to remain in that asset class and over time we will pump back all that money into the program." He expects half will go to existing managers and the other half to new managers.
The plan was scheduled to meet with consultant Paul Yett of Hamilton Lane Advisors to approve the 2006 strategic plan today, after FINalternatives went to press.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.