Tuesday, 21 October 2014
Last updated 3 hours ago
Apr 9 2007 | 12:18pm ET
The $2.6 billion San Jose (Calif.) Police and Fire Retirement Plan has issued a request for proposals seeking an investment consultant. Candidates would be required to perform private equity consulting, among other duties.
Currently, the plan employs 22 investment managers, including 13 equity managers with 14 portfolios (nine domestic, three international equity and two commingled emerging-markets equity portfolios); three fixed income managers (two domestic core plus and one long bond portfolio); two real estate advisors and one real estate commingled fund; and three fund-of-funds private market equity managers with four portfolios.
The plan, which returned 15.4% last year, is targeting a 5% allocation to private equity.
The length of the contract, which is projected to start on Jan. 1, is expected to be three years with the potential for extension. The deadline for the RFP, which is available on the plan’s Web site, is May 8.
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 ...