Friday, 24 October 2014
Last updated 50 min ago
Sep 28 2012 | 11:50am ET
A Nebraska pension fund has given up on hedge funds.
The Lincoln Fire and Police Retirement System has decided to pull out of the asset class. The $168 million public pension therefore terminated JPMorgan Asset Management, which had been running a fund of hedge funds portfolio for Lincoln, Pensions & Investments reports.
The $9.6 million proceeds of the pension's JPMorgan redemption were invested in Invesco's Balanced-Risk Allocation Fund.
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…
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