Friday, 19 September 2014
Last updated 7 sec ago
Aug 25 2010 | 12:19pm ET
The Ohio Public Employees Retirement System recently upped its target allocation to hedge funds, and needs a little help filling it.
The $65.7 billion public pension fund has issued a request for information for a hedge fund consultant. OPERS is expected to hire as many as 23 hedge funds to run $2 billion, following its decision to split its 3% opportunistic/hedge fund allocation to 3% for hedge funds and 2%for opportunistic funds.
Candidates have until Sept. 10 to respond to the RFI, which is available on the pension’s Web site. Interested advisors must be registered with the Securities and Exchange Commission and have senior members with at least five years experience.
Finalists will be selected in October, with a winner to be picked in November.
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.