Thursday, 31 July 2014
Last updated 9 hours 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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…