Thursday, 18 September 2014
Last updated 14 hours ago
Apr 26 2007 | 9:15am ET
The $11 billion Public Employees Retirement Association of New Mexico is committing a total of $64 million to two hedge funds and $20 million to a private equity real estate fund.
The system’s consultant, this month recommended a $32 million allocation to Black River Global Multi-Strategy Leveraged Fund, a multi-strategy hedge fund, and a $32 million allocation to King Street Capital, a distressed shop. Both commitments will be funded from the system’s fixed-income portfolio.
Also, the system is committing $20 million to Praedium Fund VII, a middle market opportunistic direct real estate partnership, which will also be funded from its fixed-income portfolio.
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.