Tuesday, 16 September 2014
Last updated 5 hours ago
Aug 20 2014 | 6:10am ET
A $26.1 billion Texas public pension fund is on the hunt for up to four new hedge fund managers.
The Texas Employees Retirement System plans to put up to $1 billion in the new funds, which will be part of its directional growth portfolio. The pension’s separate $1.1 billion absolute return portfolio will be unchanged.
The hires will come during TERS’ next fiscal year, which begins on Sept. 1, it said at a meeting yesterday.
TERS lowered its private-equity target from $1.25 billion this fiscal year to $950 million next. The pension plans to retain most of its existing managers and to make between six and 10 new fund and co-investments.
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…
The Federal Reserve keeps baby-stepping toward a “normalization” of monetary policy. But just what is normal?