Thursday, 26 November 2015
Last updated 1 day ago
Mar 19 2007 | 2:09pm ET
The $71 billion University of California endowment and retirement funds are boosting their allocations to hedge funds and private equity funds. During the board’s March 6th meeting, CIO Marie Berggren recommended that the University of California Retirement Plan this year set an initial target of 0.5% for hedge fund investments and a long-term target of 5% for the asset class in 2008. She also recommended that UCRP increase its private equity commitment from 2% to 3% this year, and bump that up ever further to 5% next year.
As for the University of California General Endowment Pool, Berggren recommended that the allocation to absolute return strategies in this portfolio increase from 15% to 20% this year. She also recommended increasing the private equity portfolio from 3% to 5%, and then upping it further to 7.5% next year.
The new allocations are set to be approved on July 1.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…