Vermont Seeks Portable Alpha Managers

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.


In Depth

Q&A: Brevan Howard’s Charlotte Valeur Talks Strategy

Sep 18 2014 | 11:18am ET

Charlotte Valeur chairs the board of Brevan Howard Credit Catalysts, an LSE listed...

Lifestyle

Hedgies Rock Out For Children's Charity

Sep 15 2014 | 8:40am ET

It's that time of year again—when hedgies trade in their spreadsheets for guitars...

Guest Contributor

Volkered: How Financial Sector Reforms are Creating Opportunities for Hedge Funds

Sep 16 2014 | 11:28am ET

New regulations have dramatically curtailed proprietary trading activity in investment...

 

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

September 2014 Cover

The London Whale: Rogue risk management

Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.

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.