Tuesday, 30 September 2014
Last updated 39 min ago
Jun 15 2011 | 2:25am ET
While many institutional investors are rushing to add hedge funds to their portfolio, the Illinois State Universities Retirement System is taking a decidedly wait-and-see approach.
The $14.7 billion pension has unveiled a new asset allocation plan whose most conspicuous feature is the absence of any hedge fund target at all. The exclusion comes in spite of an April 22 decision to consider hedge funds and other absolute return strategies for the new asset allocation.
Daniel Aiken, the plan's chief investment officer, told Pensions & Investments that SURS would look further into absolute return investments before taking the plunge. But the new asset allocation halves SURS' space for experimentation, its opportunity portfolio, from 2% to 1%.
SURS also decided against an increase in private equity investments, leaving that asset class's target at 6%.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...