Monday, 22 December 2014
Last updated 4 hours ago
Oct 12 2007 | 10:50am ET
The Vermont Pension Investment Committee is seeking proposals from investment management firms to manage a portable alpha mandate for the Vermont State Retirement System’s $3.3 billion defined benefit pension plan.
The mandate for a Lehman Aggregate Index Portable Alpha Program will be for approximately $210 million.
In order to be considered, firms’ portable alpha products must have minimum assets under management of at least $200 million as of the end of August, be bundled complete with the alpha source and beta management, and possess a live, GIPS-compliant, alpha track record that is at least three-years long as of the end of June. Last, but not least, the system said the use of any hedge fund strategies for any part of the portable alpha mandate will not be considered.
The deadline for request for proposal, which can be found on the system’s Web site, is Oct. 29 at 4:00 p.m. Eastern time.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.