Sunday, 21 December 2014
Last updated 1 day ago
Jun 6 2012 | 9:39am ET
A pair of Oregon public funds is pouring $250 million into a Kohlberg Kravis Roberts Asia-focused hedge fund.
The state's Investment Council approved the spend by the Oregon Public Employees Retirement Fund and Oregon Common School Fund, Asian Investor reports. The former has committed $200 million to KKR Asian Fund II and the latter $50 million.
OPERF, which has $58.4 billion in assets, invested $100 million in KKR's first Asian fund five years ago. The investment has paid off, with an internal rate of return of 12%.
The new KKR Asian fund will focus on the consumer, manufacturing, healthcare and infrastructure sectors, in both developed and emerging markets n the region.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.