Thursday, 31 July 2014
Last updated 12 min ago
Jun 11 2014 | 8:46am ET
A $2.1 billion Oklahoma pension fund is cutting back on alternative investments.
The Oklahoma Firefighters Pension & Retirement System has slashed its target allocation to “other assets,” which includes hedge and private equity funds, from 11% to 8%, Pensions & Investments reports. The public pension fund also cut its allocation to real estate from 14% to 10%.
The freed-up money from both asset classes will go to an increased allocation to domestic equities, whose target is now 42%.
OFPRS’ other allocations, including to fixed-income hedge funds, were unchanged.
Troy Brown, a consultant to the pension, said that he did not expect the changes to result in any terminations.
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…