Saturday, 20 September 2014
Last updated 1 day ago
Jun 20 2012 | 11:22am ET
Chicago's transit workers are looking for a fund of hedge funds—but want to avoid a bumpy ride.
The $1.8 billion Chicago Transit Authority Employees Retirement Plan has issued a request for information for a low-volatility fund of funds or funds of funds. The fund or funds hired will be allocated $30 million.
Proposals are due on July 13 with finalists notified Aug. 17. The pension's consultant, Gray & Co., is assisting with the search.
The RFI is available on the plan's Web site.
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.