Wednesday, 27 August 2014
Last updated 11 hours ago
Nov 16 2010 | 12:49pm ET
The San Diego County Employees Retirement Association may shake up its alternative investments portfolio at its board meeting on Thursday.
The $6.85 billion public pension plan is considering $85 million in new commitments, one each to a hedge fund, a private equity fund and a co-investment fund. San Diego may also move $50 million currently invested in Graham Capital Management's discretionary hedge fund into a quantitative global macro fund, KD4, managed by the same firm.
The system may add the Baring Asia Private Equity V fund to its portfolio with an initial mandate of $50 million to $60 million, Pensions & Investments reports. It may also add $50 million to Bridgewater Associates' Pure Alpha Major Markets Fund on top of the $56.8 million it already has with Bridgewater.
The third commitment could be to the Drug Royalty II Co-Investment Fund, which could get an additional $25 million to add to the $25 million San Diego invested in February. The investment would actually be made through Man Group's RMF2 Feeder Fund.
Graham Capital's discretionary hedge fund currently manages $300 million for San Diego.
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…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...