Friday, 29 August 2014
Last updated 1 hour ago
Dec 3 2010 | 11:01am ET
As foundations and endowments move more of their money into hedge funds, the CFA Institute is suggesting that they invest less in funds that impose a lockup.
The institute's first Investment Management Code of Conduct for Endowments, Foundations and Charitable Organizations stresses that such institutions should "consider liquidity" in making investments. They should also consider imposing "limitations or restrictions on investments with defined capital lockup periods," even if such funds "meet the investment objectives and risk tolerance of the organization."
The voluntary code was approved by the CFA Institute last month. It seeks to offer a set of best practices for board members, staff and money managers.
Lockups should be avoided because they "may affect future members' ability to effectively manage the financial resources to meet the funding needs of the organization," the institute explained in the 28-page document.
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 ...