Thursday, 18 September 2014
Last updated 7 hours ago
Sep 15 2011 | 3:36am ET
Connecticut’s main public pension manager has added $165 million to its alternative investments allocation.
The Connecticut Retirement Plans and Trust Funds is to allocate $65 million to private equity fund ArchLight Energy Partners V, HFMWeek reports. The $25.1 billion system, which manages money on behalf of six state pensions and eight state trust funds, will also boost its fund of hedge funds allocation by $100 million.
Two of the four funds of funds currently managing money for CRPTF will get an extra $50 million: Permal Asset Management and Prisma Capital Management. The two firms received initial allocations of $100 million each in February.
The new allocations bring CRPTF’s total fund of hedge funds investment to $500 million.
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.