Friday, 29 August 2014
Last updated 14 hours ago
Sep 23 2011 | 11:20am ET
The California Public Employees' Retirement System hopes to hire two or three firms to run a multi-asset class portfolio for the nation's largest public pension fund.
The $224 billion plan today began a solicitation for external strategic partners. CalPERS said the two or three firms retained would manage a multi-asset class portfolio and offer insights and analytics on asset allocation and portfolio construction.
"The external partners will have discretion to invest in and move assets across a range of investments in the CalPERS portfolio, within a risk framework," Farouki Majeed, senior investment officer for asset allocation and risk management, said. "The objectives of the strategic partnership are to generate excess returns and help us develop more dynamic asset allocation and risk-budgeting capabilities."
The solicitation ends on Oct. 21. Instructions are available on the CalPERS Web site.
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 ...