Thursday, 2 October 2014
Last updated 1 hour 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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...