Tuesday, 2 September 2014
Last updated 26 min ago
Dec 20 2011 | 12:01pm ET
While many institutional investors are dropping funds of hedge funds in favor of direct hedge fund investing, the Vermont Pension Investment Council is going the other way.
The $3 billion public pension has decided to end its "shadow portfolio" of single-strategy managers, HFMWeek reports. Instead, it may pepper its existing fund of funds portfolio with direct investments, although the timeline for doing so "remains uncertain," chairman Stephen Rauh said.
Vermont never actually invested in single-strategy funds, and instead simply monitored several in an effort to educate itself about such investments. But, Rauh said, "the shadow portfolio did not prove to be a particularly effective education tool."
Instead, the VIPC will be "looking more closely at specific strategies," he told HFM.
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 ...