Friday, 24 October 2014
Last updated 15 hours ago
May 7 2008 | 12:14pm ET
The $8.5 billion San Diego County Employees Retirement Association is currently searching for four to six managers for its newly implemented active commodity program.
SDCERA implemented a passive commodity program in June 2005 and transitioned to enhanced strategies in August 2006. Two months ago, the plan’s board furthered its active guidelines by adopting a policy for its commodity allocation, which include a maximum allocation of 15% to equities, 15% to physical commodities, allow short positions and use a mixture of enhanced and active managers.
The newly adopted policy also allows for investments in swaps, separate accounts, partnerships, funds-of-funds and commingled funds. The plan’s search is managed by consultant Ennis Knupp + Associates.
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…
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