Sunday, 21 September 2014
Last updated 2 days ago
Mar 24 2011 | 11:22am ET
The Orange County Retirement System has awarded an additional $10 million to a BlackRock fund of hedge funds as it continues a pair of other searches.
The $8.7 billion public pension fund now has $165 million invested with BlackRock, one of two funds of funds it uses. OCERS also invests in Bridgewater Associates.
Meanwhile, the system is moving forward with two new alternatives searches, one for another fund of funds manager and the other for one or more absolute return separate accounts, HFMWeek reports. Each search is expected to result in a $150 million mandate.
OCERS' consultant, Callan Associates, will whittle the pension's choices down to four candidates for each mandate.
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.