Thursday, 18 September 2014
Last updated 4 hours ago
Jan 16 2008 | 7:00am ET
The $12.9 billion Ohio Police & Fire Pension Fund is looking to add more alpha to its portfolio and has issued a request for proposals for firms to provide market-neutral alpha overlay strategies.
Ohio is looking for one or more investment advisers to manage about $375 million. This strategy will be packaged with a beta exposure (the Standard & Poor’s 500 Index) and implemented via a separate account or co-mingled fund vehicle provided by the selected firms.
Interested firms much have at least a two-year performance history in market-neutral strategies as of Sept. 30, 2007, and at least $250 million of capital invested in market neutral strategies. Firms must also be registered with the Securities and Exchange Commission.
The deadline for the RFP, which can be accessed at the pension fund’s Web site, is Feb. 8 by 3 p.m. Eastern time. Finalists will be notified during the week of March 24 with interviews scheduled for the week of April 28.
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.