Tuesday, 23 September 2014
Last updated 4 hours ago
Jan 5 2012 | 12:48pm ET
California's public pensions are among the pioneers and leaders in hedge fund investing. But one Northern California system is only getting into the asset class now.
The Alameda County Employees' Retirement Association has made its first hedge fund hire, handing Permal Asset Management a $100 million mandate, HFMWeek reports. The money will go into a fixed-income holdings fund of hedge fund and is the first part of the $5 billion pension's $250 million alternative investments plan; the remaining money will go into private equity.
Permal beat out BlackRock Alternative Advisors and Magnitude Capital for the pension's business.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitich, CIO of Petty Endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
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.