Sunday, 21 September 2014
Last updated 1 day ago
Jul 25 2011 | 1:11pm ET
The Arizona Public Safety Personnel Retirement System, already in for more than $250 million in new hedge fund allocations this year, is looking into another.
The $6.9 billion public pension's board will discuss investing in Pacific Alliance Group's Asia Opportunity Fund at its July 27 meeting, HFMWeek reports. The pension is still considering a $50 million investment in PAG's Special Situations Fund.
PSPRS is mulling a $40 million mandate for the Asia fund.
The pension is also to consider its investment in FrontPoint Partners' flagship Multi-Strategy Fund. According to the board's agenda, it will discuss "the liquidation of assets from the FrontPoint Offshore Multi-Strategy Fund." A decision on that front is unlikely to be necessary: FrontPoint, embroiled in an insider-trading scandal, has already decided to shutter and liquidate that fund and most of its other offerings.
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…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.