Friday, 19 September 2014
Last updated 2 hours ago
Mar 13 2012 | 11:05am ET
Teachers in Minnesota's capital are poised to put a significant chunk of their futures in the hands of alternative investments managers.
The St. Paul Teachers' Retirement Fund Association has adopted a new asset allocation that includes its first foray into hedge funds and commodities and a big jump in its private equity investments.
The $950 million public pension has created a 5% hedge fund allocation and doubled its private equity allocation to 10%, Pensions & Investment reports. It has also rejigged its 10% real estate allocation, creating instead an 11% "real assets" allocation that will also invest in commodities.
And more could be on the way: Minnesota legislators are mulling a change that would allow St. Paul to put a total of 35% in alternative investments, up from the current 25%.
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.