Friday, 24 October 2014
Last updated 6 hours ago
May 28 2010 | 8:46am ET
A California public pension fund is boosting its private equity and cutting its hedge fund allocations, setting the stage for a series of p.e. and fund of hedge funds searches.
The Kern County Employees’ Retirement Association’s new asset allocation will put 10% of its assets in private markets, which replaces a 6% allocation to p.e. It is also trimming its hedge fund allocation to 5%, down from a 6% absolute return allocation that had been invested in hedge funds, Pensions & Investments reports.
In a memo to the Kern board, Wilshire Associates’ Eileen Neill said that changes will require searches for p.e., real asset and fund of funds managers.
An implementation plan is expected to be offered by Wilshire next month. Neill said putting the new asset allocation into place could take as long as two years.
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…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.