Thursday, 2 October 2014
Last updated 1 hour ago
Jun 23 2006 | 8:37pm ET
The Missouri State Employees' Retirement System has approved more direct hedge fund investments at the expense of funds-of-funds. The move comes after the board approved increasing the plan's internal investment department staff to four.
The fund will hire a senior level person responsible for the hedge fund program, according to Christine Rackers, spokeswoman for the $7.1 billion plan. The program previously did not have a staff member designated to overseeing hedge fund investments. Information on the position should be posted to the plan's Web site (www.mosers.org) by July 5.
Interested parties can request information regarding the senior position from the plan's human resources director at email@example.com.
The fund has not decided whether to use an external search firm.
The fund currently has $1.6 billion invested in hedge funds within its alpha pool, of which half is invested through fund-of-hedge funds.
Rackers said "it is expected in the next five years [that] MOSERS will transition $400 million from fund-of-funds to direct investments in hedge funds." The fund is advised by Summit Strategies Group.
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 McKitish of Peddie School's 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…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...