Monday, 29 December 2014
Last updated 4 min ago
Jun 30 2006 | 3:12pm ET
The $50 million City of St. Louis Employees Retirement System has earmarked $25 million for fund-of-hedge funds. Mary Lou Mullen, employee benefits manager, said the plan will have consultant Summit Strategies Group conduct a shortlist search and present three or four managers to the board.
The plan has not discussed where the funding for the new allocation will come from, and those decisions will likely come after the board alters its investment guidelines and policies to allow for alternatives —an action likely to be completed at either the July or August board meeting.
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.