Wednesday, 27 August 2014
Last updated 2 hours ago
Nov 26 2007 | 8:54am ET
The board of the nation’s largest pension fund is meeting on Dec. 17 to set target percentages for the next three years concerning the direction of its hedge fund and private equity allocations.
Clark McKinley, a spokesman for the California Public Employees' Retirement System, said it is likely that the board will increase the fund’s private equity allocation target from the current 6% of total assets ($251 billion) to as much as 9%.
“Non-U.S. private equity share is one-third of the portfolio, and that may increase, especially for Asia,” he said.
McKinley did not specify the board’s direction toward hedge funds, only stating that, “hedge fund allocations already have been increased to up to 8% of the total global equity asset class allocation. That would be more than $12 billion, about double what we have in hedge funds presently.”
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…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...