Tuesday, 2 September 2014
Last updated 1 hour ago
Feb 26 2013 | 1:03pm ET
The California Public Employees Retirement System plans to rejigger its hedge fund portfolio with the addition of event-driven strategies and a major new emphasis on global macro.
The public pension fund, the biggest in the U.S. with $254.5 billion in assets, plans to add a 5% weight within its hedge fund portfolio to event-driven, up from nothing, and to quintuple its global-macro weight to 10%, Bloomberg News reports. CalPERS has about $5 billion invested in hedge funds.
The pension will also boost its target allocation to long/short equity to 15% from 11% and to equity-market neutral to 10% from 3%. To fund the changes, it will slash its fund of hedge funds target from 19% to just 5%.
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…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...