Friday, 31 October 2014
Last updated 12 hours ago
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.
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…
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