Thursday, 2 October 2014
Last updated 1 hour 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%.
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 McKitish of Peddie School's 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…
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…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...