Tuesday, 21 October 2014
Last updated 3 hours ago
Sep 25 2012 | 1:55am ET
A US$7.6 billion Japanese pension fund will begin investing in hedge funds.
The Teachers' Mutual Aid Co-operative Society could put as much as ¥12 billion (US$153.8 million) into hedge funds, Bloomberg News reports. The maiden allocations will come during this fiscal year, which ends in March.
Teachers' Mutual will also invest in foreign bonds and real-estate investment trusts as part of a new ¥100 billion (US$1.3 billion) investment plan.
"We have decided to focus on return, so we decided to invest in J-REITS, global REITS, hedge funds and domestic and foreign stocks," Toru Higuchi, an asset management general manager, told Bloomberg. "We need to have a certain level of return no matter how the market condition is."
The pension is targeting annual returns of 3% to 5%. Most of its assets are currently invested in sovereign and corporate debt.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...