Sunday, 21 September 2014
Last updated 1 day ago
Jun 7 2012 | 10:42am ET
Connecticut's $24.7 billion state pension fund is looking for an alternative investments consultant and fund of hedge funds manager.
The Connecticut Retirement Plans & Trust Funds will give up to $100 million to the fund of funds, which will be part of the pension's Connecticut Horizon Fund—meaning that interested firms should be Connecticut-based emerging firms or owned by women or minorities.
The winner will get a five-year contract, beginning in March at the latest.
Connecticut State Treasurer Denise Nappier told Pensions & Investments that the public plan is getting a head-start on the consultant search to ensure a smooth and uninterrupted period of service. Incumbent NEPC will be allowed to rebid; its current contract expires on May 31.
The requests for proposals are available on the State Treasurers' Web site and are due on June 27. Interviews are expected in August and decisions in September.
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.