Thursday, 2 October 2014
Last updated 22 min ago
Apr 13 2010 | 9:28am ET
The Los Angeles Fire and Police Pension System may do away with its hedge fund and private equity programs.
The $13.2 billion plan will begin an asset allocation study at its meeting this week, including a review of its alternative investments allocations, Pensions & Investments reports. The system currently allocates 10% of its assets to private equity and 5% to hedge funds.
General Manager Michael Perez said the public pension fund aims to cut or replace “marginal or underperforming managers,” and will consider costs, risk and liquidity in making its decisions. Individual program reviews are likely to be completed by the end of October, with a new asset allocation process in place by January.
L.A. Fire and Police would then hire or fire any managers by June 30 of next year.
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...