Friday, 19 September 2014
Last updated 1 hour ago
Aug 23 2012 | 3:37am ET
The Florida Board of Administration has entrusted $150 million of its pension assets to Och-Ziff Capital Management, joining at least three other state pension funds in betting on the New York hedge fund giant.
Florida made its investment on July 31, it said. The Board has $1.4 billion invested in hedge funds.
Och-Ziff also counts state pension funds from California, Massachusetts and New Jersey as clients. Like the Sunshine State, the Garden State's Division of Investment is also new to the firm, having committed $600 million late last month.
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.