Wednesday, 30 July 2014
Last updated 14 hours ago
Jun 29 2011 | 4:06am ET
The Los Angeles County Employees' Retirement System has named Grosvenor Capital Management its first fund of hedge funds manager.
Grosvenor will manage a $250 million customized fund of funds portfolio for the $38.9 billion public pension plan, Pensions & Investments reports. The decision came at LACERA's June 8 meeting.
LACERA issued a request for information from fund of funds managers in January.
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…