Monday, 24 November 2014
Last updated 2 days 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.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...