Friday, 19 September 2014
Last updated 2 hours ago
Jun 17 2010 | 11:15am ET
When it comes to searching for an emerging fund of hedge funds manager, the Chicago Public School Teachers’ Pension and Retirement Fund is getting very specific.
The firm has issued a request for proposals for a $25 million fund of funds mandate, hoping to add a roster of smaller hedge funds to its portfolio—it wants an emerging fund of hedge funds manager. It also wants that manager to manage less than $10 billion, and to be owned by a minority, woman or disabled person.
Managers who meet those standards have until June 25 to apply; the RFP is available on the $9 billion pension’s Web site.
The pension’s board, with the help of consultant Mercer, aims to choose a manager by Sept. 30.
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.