Thursday, 18 September 2014
Last updated 11 hours ago
Mar 30 2010 | 12:05pm ET
The New Mexico Public Employees Retirement Association has awarded $20 million to one hedge fund will issuing a stern warning to two other asset managers on its payroll.
The $10.9 billion pension committed $20 million to LIM’s Asia Multi-Strategy Fund, Pensions & Investments reports. But two funds with much larger allocations have been put on performance watch.
PERA’s board approved that measure against State Street Global Advisors and Artio Global Investors. The pension has $365 million invested in the former’s International Alpha Select Strategy and $220 million in the latter’s International Equity II Fund.
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.