Tuesday, 16 September 2014
Last updated 8 hours ago
Nov 29 2007 | 11:08am ET
The New Mexico State Investment Council has increased its allocation to funds of hedge funds in two funds it manages to 15% of assets from 10%.
To accommodate the bump up, the $10.85 billion Land Grant Permanent Fund will decrease its allocation to domestic equities from 53% to 51% and domestic fixed income from 18% to 15%, according to a spokesman. The $4.73 billion Severance Tax Fund will also decrease its domestic equities allocation, from 53% to 48%.
The SIC has currently invested in 16 funds of hedge funds, totaling more than $1.3 billion.
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?