Wednesday, 17 December 2014
Last updated 8 hours ago
Jul 8 2011 | 11:25am ET
South Carolina's main public pension plan has boosted its commitments to two hedge fund managers by a total of $550 million.
The $26 billion South Carolina Retirement System Investment Commission has doubled its allocation to Avenue Capital Management, Pensions & Investments reports. The New York-based hedge fund will now manage $500 million for the pension.
In addition, South Carolina combined two existing commitments to D.E. Shaw Group that totaled $450 million and added another $300 million.
The pension has also extended the term of its investment consultant by one year; NEPC's contract will now expire at the end of June 2012. Chief Operating Officer Robert Feinstein said that South Carolina is still mulling whether to issue a request for proposals for a new consultant.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.