Tuesday, 21 October 2014
Last updated 10 min ago
Mar 12 2007 | 11:19am ET
The $2.6 billion Cincinnati Retirement System has revamped its portfolio, bumping up its investments in hedge funds and private equity to 5% for each asset class. The system formerly had just 1.4% of its portfolio in alternative assets and Treasury cash.
In addition, the system recently allocated $40 million apiece to p.e. fund of funds shops Fort Washington Investment Advisors and Piper Jaffray’s Private Capital Group.
“We felt like we needed to diversify a little bit, and funds of funds give us a lot more diversity,” said executive director John Boudinot. He added that the system plans to allocate a further $80 million next year to other p.e. funds of funds.
As far as hedge funds are concerned, Boudinot said that the system “doesn’t really have much direction there yet” and anticipates a learning period before diving in next year. “This will be our first exposure and I believe we’re going to go into it in 2008 with 130/30 strategies,” Boudinot said.
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…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...