Wednesday, 30 July 2014
Last updated 4 hours ago
Sep 13 2013 | 10:53am ET
The California State Teachers' Retirement System has hired Hermes Fund Managers to fill a commodities mandate.
Hermes will be one of two commodities managers at the $150 billion public pension fund, the second-largest in the U.S. CalSTRS has not settled on a second manager, Reuters reports.
Hermes and the second manager will split $150 million.
CalSTRS first approved a commodities allocation three years ago, and had considered investing as much as $2.5 billion as an inflation hedge.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…