Thursday, 18 December 2014
Last updated 6 hours ago
Jun 7 2013 | 11:31am ET
One major public pension fund is doing away with its hedge fund portfolio—while keeping the hedge funds themselves on board.
The Employees Retirement System of Texas has scrapped its separate hedge fund allocation, Institutional Investor reports. The $24.9 billion pension will continue to invest in hedge funds, but has integrated them into its overall portfolio.
Hedge funds will now be considered part of major asset-class portfolios, such as equity and fixed-income.
ERS voted to integrate its hedge funds in February.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.