Tuesday, 22 July 2014
Last updated 47 min ago
Mar 30 2011 | 8:54am ET
A Texas public pension system has increased its hedge fund target by one third and its private equity target by a quarter.
The Texas County & District Retirement System boosted its absolute return target to 20% from 15%. In addition, the $18 billion system increased its p.e. target from 8% to 10%. The changes resulted in reduced targets for international equities, core fixed-income and Treasuries.
While it was unclear whether the rebalanced portfolio targets would lead to any searches, the pension did commit $40 million to a pair of Summit Partners private equity funds.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…