Monday, 22 September 2014
Last updated 2 days ago
Jun 16 2006 | 9:58pm ET
The $142 billion California State Teachers Retirement System will issue an RFP later this year for active currency overlay managers. The managers will run 15-20% of the plan's $32 billion international portfolio, or roughly $4.8 billion to $6.4 billion, said Brenna Neuharth, spokeswoman for the plan.
Funding will come from the plan's internally-managed currency program, which runs half of the plan's currency exposure. The other half is run by international managers who are responsible for implementing currency risk. The RFP is likely to be issued late in the fourth quarter.
According to a staff memo, the active managers are expected to add up to 20 basis points to the fund. The plan's consultant is Callan Associates.
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…
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