Tuesday, 23 September 2014
Last updated 1 hour ago
Feb 10 2011 | 8:13am ET
The California State Teachers’ Retirement System has appointed London-based currency specialist and alternative investment manager Millennium Global to manage a US$500 million specialist currency program.
Millennium secured the CalSTRS deal following a competitive tender. The new relationship with the California teachers brings Millennium’s total AUM to over US$12 billion.
Millennium CEO, Mark Astley, said, “We are delighted to be working with CalSTRS as they seek to manage their currency exposure and increase their returns from an active currency overlay strategy. This mandate confirms our position as a leader in the specialist currency overlay space.”
Millennium Global is a specialist currency and alternative investment manager with over 40 professionals across four international locations. The firm was founded in 1994 by ex-Goldman Sachs executive director Michael Huttman, a pioneer in currency management overlay, now executive chairman and chief investment officer.
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 McKitich, CIO of Petty 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…
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…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.