Thursday, 18 September 2014
Last updated 25 min 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.
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.