Sunday, 21 September 2014
Last updated 2 days ago
Jun 29 2007 | 11:19am ET
The $20 billion Iowa Public Employees Retirement System will issue a request for proposals on Aug. 1 for fund of hedge funds managers as the final stage of the system’s portable alpha program implementation.
The system is looking to “evaluate low volatility fund of hedge funds products suitable for use in a portable alpha program,” according to Julie Economaki, a spokeswoman. It may commit as much as $600 million to the new mandate.
As part of the system’s portable alpha program, IPERS’ investment board this week approved the recommendation of the evaluation committee to hire Mellon Capital for its global multi-strategy, multi-asset class portable alpha mandate. It is estimated that the mandate will be approximately $400 million.
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.