Saturday, 23 August 2014
Last updated 1 day ago
Mar 22 2007 | 11:13am ET
The California Public Employees’ Retirement System’s absolute return strategies advisory board last month hired three advisors to help construct customized portfolios comprised of emerging hedge fund managers.
CalPERS, the nation’s largest public pension fund, committed a total of $350 million to Pacific Alternative Asset Management Company, 47°N Capital Management and The Rock Creek Group, all of which feature predominantly female ownership. Additional allocations are dependent upon the advisors exceeding the absolute return target. Funding for the new mandates will come from the system’s passively-managed global equity assets.
The newly-hired advisors will work with incumbent consultant Mosaic Investment Advisors to develop an emerging manager program that “provides capital and serves as a resource to assist the emerging funds with navigating the institutional marketplace,” according to CalPERS.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note