Friday, 28 November 2014
Last updated 11 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.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...