Thursday, 26 November 2015
Last updated 1 day ago
Mar 5 2012 | 6:47am ET
There's good news for hedge funds from two big Golden State institutional investors.
The Sacramento County Employees Retirement System and University of California's endowment are poised to add in excess of $500 million to their hedge fund portfolios, HFMWeek reports. The former is further along, with definite plans to pour $315 million into hedge funds, while Cal is merely mulling a two-and-a-half-fold increase in its hedge fund target.
The $6.1 billion Sacramento pension aims to build a diversified, multi-strategy hedge fund portfolio. The fund already has $85 million invested in three hedge funds, and future allocations are expected to be in the tens of millions per manager.
Meanwhile, Cal's chief investment officer, Marie Berggren, is pushing to more than double the school's hedge fund investments from 2% to 5%. If her plan is approved, that would make more than $200 million available for hedge fund allocations.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…