Thursday, 21 August 2014
Last updated 18 min ago
Apr 1 2011 | 12:05pm ET
Last month proved a good one for the Permal Group when it comes to New York City's public pension plans.
The fund of hedge funds manager, which earlier in the month won a roughly $150 million commitment from the New York City Police Pension Fund and a $250 million commitment from the New York City Employees Retirement System, can now add $50 million from its firefighters.
The New York City Fire Department Pension Fund's board of trustees approved its first investment in hedge funds, a spokesman for the city comptroller's office said. The $7.6 billion plan made the move "to further diversity the fund's investment portfolio," Michael Loughran said.
The three allocations are hedge fund firsts for all three of the pension schemes.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note