Thursday, 21 August 2014
Last updated 4 min ago
Aug 8 2007 | 10:57am ET
The $25.9 billion Texas Permanent School Fund is looking for a few good multi-strategy fund of funds managers to create and manage an absolute return FoF portfolio in a separate account vehicle.
The system’s two-year, $2.6 billion mandate will start on Jan. 1 and run through Aug. 31, 2010, with renewal options through August 2012. Firms interested should be registered with the Securities & Exchange Commission, as well as have at least $5 billion of assets under management and a five-year track record.
The Texas fund’s current asset allocation targets 55% domestic equities, 20% international equities and 25% fixed income securities. Last July, the Texas State Board of Education, which manages the fund, approved a new strategic asset allocation policy to further diversify the fund’s assets into alternative asset classes. Its current allocations the alternative class is 28% with 10% to hedge funds and 6% to private equity.
The deadline for proposal, which can be accessed online, is Aug. 30 at 3:00 p.m., Central Time.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note