Tuesday, 23 September 2014
Last updated 13 hours ago
Jun 7 2013 | 11:33am ET
A California public pension has hired four hedge funds to manage as much as $250 million.
The $10.6 billion Orange County Employees Retirement System committed between $55 million and $74 million to D.E. Shaw Group's Multi-Asset International Fund, Pensions & Investments reports. It also awarded mandates of between $44 million and $63 million each to Hoplite Capital Management and Partner Fund Management, and $50 million to Tennebaum Capital Partners' direct-lending strategy.
Nor is OCERS done: The pension's board gave its investment consultant the green light to create a shortlist of fixed-income absolute-return managers. The size of that allocation is still to be determined, and a hire might not happen at all, spokesman Robert Kinsler told P&I.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitich, CIO of Petty Endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
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.