Monday, 20 October 2014
Last updated 3 days ago
Mar 14 2008 | 1:18am ET
The $240 billion California Public Employees’ Retirement System has committed a total of $1.4 billion to five private equity funds and a hedge fund.
Last month, CalPERS committed $500 million to the Riverstone/Carlyle Global Energy & Power Fund IV; $442 million to Bridgepoint Europe IV fund; $200 million to the Resolute Fund II; $106 million to Carlyle Europe Technology Partners II and $100 million to Advent Japan Private Equity Fund.
The Advent Japan Private Equity Fund is the first dedicated vehicle raised by Advent International to invest in Japanese middle-market companies “requiring a high degree of operational change and strategic direction,” according to CalPERS.
The fund also committed $100 million to the Marquee Fund, a multi-strategy hedge fund run by Evnine & Associates.
“The EvA multi-strategy product will utilize ‘learning and forgetting’ algorithms to adjust strategy weights,” according to CalPERS.
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…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...