Friday, 19 December 2014
Last updated 5 hours ago
Jan 14 2011 | 10:35am ET
The Los Angeles County Retirement Association is dipping its toes into the fund of hedge funds space. The $36 billion public pension has issued a request for information from funds of hedge funds.
LACERA said it plans to allocate $250 million to funds of funds after taking a hard look at several managers offering customized portfolios. The plan set minimum requirements of $5 billion in assets under management, more than $3 billion from institutional clients and more than $1 billion in customized portfolios. Interested managers should also have at least seven years' experience.
The deadline for responses is Jan. 21. The RFI is available on the system's Web site.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.