MOSERS Approves More H.F.s

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 hr@mosers.org.

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.


In Depth

Will Liquid Alts’ Performance Sustain Future Asset Flows?

Aug 25 2014 | 10:34am ET

Liquid alternative investment funds saw the highest percentage of capital inflows...

Lifestyle

Hedgies, Economists and Musicians Mingle At Milkin Mixers In Hamptons

Aug 25 2014 | 6:00am ET

Leave it to Michael Milken to bring some gravitas and sweat to the Hamptons -- along...

Guest Contributor

Looking Ahead: What’s In Store For Managed Futures?

Aug 22 2014 | 12:52pm ET

The last five years were phenomenal for investors in equity indices. Will the next...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    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…

 

Futures Magazine

July/August 2014 Cover

The time was right

Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.