Wednesday, 1 October 2014
Last updated 9 hours ago
Mar 3 2008 | 1:03pm ET
The nation’s largest public pension fund has recently committed more than $1 billion to a slew of hedge and private equity funds, including a p.e. partnership involving basketball legend Magic Johnson.
On the hedge fund front, the $248.8 billion California Public Employees’ Retirement System committed a total of $30 million to funds of hedge funds managed by Vision Investment Management, Sparx Group and Europanel Research & Alternative Asset Management. All told, the fund committed $290 million to funds within its risk-managed absolute return strategies program.
The fund has also committed a total of $750 million to private equity funds in its alternative investment management program. Among the investments, CalPERS committed $100 million to Yucaipa Corporate Initiatives Fund II, which will target investments in the manufacturing, logistics, retail and consumer sectors in the U.S. The fund is a joint venture between Los Angeles-based Yucaipa Companies and Johnson’s Johnson Development Company, which is focused on urban revitalization by building movie complexes, restaurants and retail centers in urban communities.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...