Wednesday, 30 July 2014
Last updated 42 min ago
May 31 2011 | 8:50am ET
The Texas Employees Retirement System has taken a big step towards its first hedge fund investments.
The $23 billion public pension has hired Albourne America to advise it on hedge funds, Pensions & Investments reports. The consultant will help TERS establish its investment plan and will assist in picking the beneficiaries of the pension's initial 1% investment target—an impressive $230 million—beginning early next year.
TERS allocated 5% of its assets to hedge funds in 2008, but shelved those plans amidst the financial crisis.
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…