Missouri Picks Three Hedge Funds, P.E. Shop For Mandates

Mar 19 2010 | 9:07am ET

The Missouri State Employees’ Retirement System has invested $160 million in alternative investment funds.

The $7 billion public pension awarded the mandates to four hedge funds and private equity funds in the fourth quarter, Pensions & Investments reports.

Three hedge funds each received $50 million allocations. Brevan Howard Asset Management will manage a global value and relative value strategy for MOSERS. Diamondback Capital Management and Elliott International each received multistrategy mandates.

MOSERS also invested $10 million with private equity firm DRI Capital.

MOSERS investment portfolio earned $1.1 billion in 2009, with an investment return of 18.5% for the 1-year period ended Dec. 31, 2009.


In Depth

'Smart Beta' Funds In Regulators' Sights, Hedgies May Be Next

Mar 26 2015 | 11:11am ET

Funds that mimic strategies used by active managers for a fraction of the cost could...

Lifestyle

Study: Both Marriage and Divorce Lead to Negative Hedge Fund Performance

Mar 25 2015 | 6:51pm ET

Trouble at home leads to trouble in the market for fund managers, according to researchers...

Guest Contributor

Concerned About Your HFT Exposure? Hedge It!

Mar 26 2015 | 1:06pm ET

High-frequency trading has been a persistent storyline for several years. The trading...

 

Sponsored Content

    Mar 9 2015 | 6:35am ET

    Kelly RodriquesKelly RodriquesAs more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…

Editor's Note