St. Paul Teachers To Boost Private Equity, Add Hedge Funds

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%.


In Depth

Q&A: Reg A+ Will Transform the Alternative Asset Landscape

Jul 7 2015 | 4:03pm ET

In addition to easing capital formation for small companies, Regulation A+ has enormous...

Lifestyle

Fiat Chrysler Files Paperwork For Ferrari IPO

Jul 23 2015 | 5:05pm ET

Italian sportscar maker Ferrari has taken a step closer to a stock market listing...

Guest Contributor

Lifting of Foreign Ownership Limits Signals Sea Change in Vietnam's Capital Markets

Jul 28 2015 | 3:01pm ET

The lifting of restrictions on foreign ownership limits in Vietnam later this year...

 

Editor's Note