Tuesday, 16 September 2014
Last updated 45 min ago
May 7 2008 | 12:12pm ET
The $782 million San Luis Obispo County (Calif.) Pension Trust last month unveiled its new asset allocation mix, which should give hedge fund and private equity managers a few million reasons to smile.
The pension trust is making a foray into the alternatives asset class with a 5% allocation each to hedge funds, buyout/venture and commodities funds. At the same time, it is scaling down its large-cap U.S. equity portfolio from 32% to 26%, small- and mid-cap U.S. rquity from 10% to 9%, international large-cap equity from 12% to 11%, international small-cap equity from 4% to 3% and U.S. core fixed-income from 25% to 15%.
In addition, the pension trust will begin four separate searches for infrastructure, p.e., fund of hedge funds, and commodities managers. Consultant Wurts and Associates will be given full discretion on the pension’s manager selection.
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…
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