Friday, 22 August 2014
Last updated 4 hours ago
Mar 5 2007 | 10:26am ET
The $20.5 billion Public Employees’ Retirement System of Mississippi has issued a request for information for an alternative investments consultant to help the system jumpstart its absolute return, private equity and real estate investment programs.
In 2005, legislation was passed to allow the system to invest up to 10% of its portfolio in alternative investments. In mid-2006, the system’s board adopted target allocations of 7% to real estate, 5% to private equity and 5% to absolute return investments.
Currently, the system has 5% of its portfolio funded or committed to real estate, and intends to soon expand its allocation to include timber and private equity. PERS’ board has determined that part of the absolute return allocation will include a global tactical asset allocation component; but it has not yet hired managers in this area.
The deadline for the RFI is March 20 and the board is expected to approve the finalists by April 24. The RFI is available on PERS’ Web site.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note