Monday, 22 September 2014
Last updated 2 hours ago
Nov 9 2007 | 11:20am ET
The California Public Employees Retirement System has committed a total of $1.7 billion to five private equity funds and a pair of multi-strategy hedge funds.
The $254 billion public pension committed $75 million to Carlyle Strategic Partners II, $100 million to EMA Investments, $500 million to PCG Corporate Partners Fund II, $400 million to TGP Asia V and $400 million to WLR Recovery Fund IV.
CalPERS also made a $75 million commitment to Platinum Grove Contingent Capital Partners, a multi-strategy hedge fund with a focus on relative value trading managed by former Long Term Capital Management executives Myron Scholes and Chi-fu Huang. The system also committed $150 million to Canyon Special Opportunities Fund, which is “capped at $1 billion of investments and will not provide liquidity to investors (or performance fees to the managers) earlier than the end of 2009,” according to an internal memo.
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…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.