Saturday, 20 September 2014
Last updated 23 hours ago
Apr 16 2013 | 12:34pm ET
The Los Angeles County Employees' Retirement Association has issued a request for information for a fund of hedge funds manager.
The $42 billion pension hopes to add to its 3% hedge fund target allocation with a customized, diversified hedge fund solution, Pensions & Investments reports. The mandate is for $250 million. Responses to the RFI, which is available on LACERA's Web site, are due April 25.
LACERA already has two funds of funds in its portfolio.
The pension last week also approved $200 million in new commitments to a pair of private equity fund. Insignia Capital Partners and Marlin Equity Partners will each get $100 million.
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…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.