Thursday, 28 August 2014
Last updated 3 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.
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 ...