Thursday, 2 October 2014
Last updated 40 min ago
Aug 4 2010 | 2:47am ET
The Ohio Public Employees Retirement System is planning a larger hedge fund allocation, and it needs help. The $65.7 billion public pension fund is seeking a hedge fund consultant to assist in the implementation of its new strategy.
The PERS board in May approved a plan to invest 3% in hedge funds and 2% in opportunistic funds, an increase from 3% devoted to both. Last month, it approved a tentative funding schedule, Pensions & Investments reports. The pension will conduct the consultant search in the fourth quarter or the first quarter of next year, with staff recommendations on fund of hedge funds managers towards the end of this year and single-manager hedge funds next year.
As many as 23 hedge fund managers could eventually hired by PERS. Up to three fund of funds managers will be given between $267 million and $400 million each and up to four multistrategy funds will be given between $100 million and $200 million each. As many as 16 single-strategy managers will each get between $50 million and $100 million. All told, the Ohio plan could hand out some $2 billion to hedge fund managers.
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…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...