Wednesday, 23 July 2014
Last updated 8 hours ago
Oct 17 2013 | 1:55pm ET
North Carolina's main public pension fund is set to take advantage of a new law allowing it to pour billions more into alternative investments.
The August law allows the North Carolina Retirement System to invest up to 35% of its $80 billion in assets in alternatives. And the pension is preparing to nearly double its current hedge fund investments, Hedge Fund Alert reports.
North Carolina currently has a 2.9% hedge-fund allocation and plans to increase that by a further 2.5%, some $2 billion. The system is already in talks with potential managers, with requests for proposals expected by year-end.
It is unclear which strategies the pension will seek out, according to HFA. "They're doing some initial due diligence to know the market, to decide how to put it out," a source said.
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…