Wednesday, 27 August 2014
Last updated 2 hours ago
Jul 1 2011 | 1:05am ET
While three of New York City’s five public pension funds have taken the hedge fund plunge this year, the Big Apple’s teachers have decided against dipping their toes into those waters.
The Teachers’ Retirement System of New York City has excluded hedge funds from its new asset allocation plan, HFMWeek reports. The $42.3 billion pension’s investment board had been considering a 3% allocation to the asset class, which could have amounted to more than $1 billion.
Hedge funds were not included in the final plan “based on feedback from various discussions on this topic,” a member of the investment board told HFM.
TRS’ decision comes after the city’s police, fire department and municipal employee pensions made their first hedge fund investments earlier this year, all hiring fund of hedge funds Permal Group.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...