Monday, 22 September 2014
Last updated 6 hours ago
Dec 10 2007 | 11:53am ET
The $42.3 billion Illinois Teachers’ Retirement System has ramped up its private equity and 130/30 portfolios with new mandates.
Last week, the system’s board of trustees approved a $100 million commitment to Oak Tree Capital Management Fund VII b, a distressed debt fund, $100 million to Riverstone Global Energy and Power Fund IV, a buyout fund, and $50 million to Pine Brook Capital Partners, a p.e. fund focused on the energy and financial services sectors
In October, the system’s board hired Analytic Investors and J P Morgan to each manage $500 million in 130/30 mandates. The strategy is designed to further diversify TRS’ domestic equity asset class.
TRS provides retirement, disability, and death benefits to teachers and administrators at Illinois public elementary and secondary schools outside of Chicago.
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.