Cook County Pensions Hire Blackstone, Two Other Funds Of Funds

Feb 3 2012 | 12:21am ET

A pair of Chicago pension funds have jumped into hedge funds, hiring three funds of hedge funds to run some 9% of their assets.

The Cook County Retirement Board picked Blackstone Alternative Asset Management, Diversified Global Asset Management and Rock Creek Group to serve as the first hedge fund managers for the two Cook County Annuity & Benefit Fund plans.

Blackstone is the biggest beneficiary, getting about $500 million of the $692 million allocations from the Employees' and Officers' Annuity & Benefit Fund and Forest Preserve District Employees' Annuity & Benefit Fund, including the Forest fund's entire allocation. The other two funds of funds will manage satellite portfolios.


In Depth

Q&A: Jeff Eaton Talks Capital Raising, CalPERS And The Secondaries Market

Oct 14 2014 | 10:16am ET

Global placement agent Eaton Partners has raised close to $60 billion for some of...

Lifestyle

MacDonald-Korth Offers Insights Into Paintings Bought, Sold By Hedgies

Oct 7 2014 | 9:00am ET

Definitive and complete ratings require an in-person examination of an artwork,...

Guest Contributor

PAAMCO: European Equity Exposure - Challenging Year, But All is Not Lost

Oct 16 2014 | 4:12am ET

European equity hedge fund managers have had a tough time so far this year. The...

 

Videos

Editor's Note

    Must Attend Hedge Fund Charity Events For October

    Sep 30 2014 | 9:29am ET

    The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…

 

Futures Magazine

October 2014 Cover

Deeply flawed risk benchmark

Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.