Friday, 25 July 2014
Last updated 2 hours ago
Feb 7 2008 | 3:17am ET
The California Public Employees’ Retirement System has allocated $150 million to a minority-focused fund of hedge funds. The investment is first to an emerging manager fund of funds for CalPERS since it unveiled a $1 billion program to invest in them last year.
The nation’s largest pension fund invested in FIS Group, which also manages nine long-only funds, a third of which are run by African-Americans and another third by women.
“FIS will give us access to a larger number of skilled emerging firms to generate solid investment returns and reflect the diversity of the market,” Russell Read, chief investment officer, said.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…