Saturday, 30 August 2014
Last updated 15 hours ago
Mar 11 2010 | 1:46pm ET
A few private equity firms will have the booming Colombian stock market to thank for their good fortune.
Having reached the legal limit of 40% in stocks—due to the 53% jump in Colombia’s IGBC Index—the country’s second largest pension fund is planning a big push into private equity. Proteccion SA will pour 2.4 trillion pesos (US$1.3 billion) into p.e. over the next two years, Bloomberg News reports. That will bring its allocation to the asset class to 10%; currently, the pension invests less than 1% of its 24 trillion pesos in private equity.
“We can’t buy more stocks, so private equity is the most exciting thing right now,” Juan Luis Escobar, Proteccion CFO, said. “We are looking at infrastructure funds that invest in highways, water treatment, waste and airports.”
Half of Proteccion’s new p.e. allocations will go to fund focused on Colombia, a growing group that includes Darby Overseas Investments and Brookfield Asset Management. The other half will be invested in international funds.
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…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...