Sunday, 21 September 2014
Last updated 2 days ago
Sep 7 2007 | 1:16pm ET
The nation’s largest public pension fund is spreading its wealth among a few lucky private equity and hedge funds. In July, the $240 billion California Public Employees’ Retirement System allocated a total of $1.6 billion to seven p.e. and two hedge funds.
According to CalPERS' July investment committee meeting, beneficiaries of CalPERS’ deep pockets include p.e. funds ArcLight Energy Partners IV, ($250 million); Avenue Special Situation Fund V ($400 million); Court Square Capital Partners II, ($150 million); Insight Venture Partners VI, ($68 million); KKR Asian Fund, ($275 million); KPS Special Situation Fund III, ($175 million); and Magnum Capital, LP (€100 million).
A pair of hedge funds including CRG Partners, a global macro fund managed by Money Management Group, and SuttonBrook Capital Partners, a multi-strategy fund with a focus on event driven strategies managed by SuttonBrook Capital Management, each received $75 million in commitments.
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.