Tuesday, 2 September 2014
Last updated 6 hours ago
Aug 15 2012 | 11:14am ET
The men and women who keep Missouri's third-largest city safe are entrusting a substantial chunk of their nest eggs with three hedge funds.
The Springfield Police Officers' & Firefighters' Retirement System, which has $208 million in assets, handed $20 million to Wells Capital Management and $10 million each to the Blackstone Group and EnTrust Capital. Wells will run an emerging markets strategy for the pension, while Blackstone and EnTrust funds of funds are their beneficiaries.
The hires followed an invitation-only search by Segal Rogerscasey, Pensions & Investments reports.
SPOFRS' administrative director said that no managers would be fired to hire the three new ones, and that the funding would come from a reduction in the pension's equity allocation.
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…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...