Sep 14 2006 | 12:00am ET
Pension funds were the biggest investors in alternatives last year, responsible for nearly one-third of inflows into the sector. A new report from Watson Wyatt shows alternatives adding some $250 billion in 2005, a 20% increase in assets to $1.26 trillion. Of the increase, pension funds accounted for $77 billion, with $62 billion of that going into hedge funds.
Pensions beat out high net-worth individuals as the largest investor group in alternatives in 2005. Mutual funds, insurance companies and foundations and endowments were third, fourth and fifth, respectively.
Among all investors, funds of hedge funds were the more popular destination for cash, taking in $85 billion. Real estate attracted $59 billion, and private equity funds of funds added $42 billion.
Mar 10 2014 | 11:33am ET
A huge thank you to all of the people who helped make last Thursday’s HFC NY Open Your Heart to the Children Benefit such a success. The charity gala raised nearly $2 million to prevent and treat child abuse in New York, New Jersey and Connecticut. Read more…