Tuesday, 23 September 2014
Last updated 8 hours ago
May 23 2008 | 2:25pm ET
The $154.5 billion New York State Common Retirement Fund has committed $36.6 million to a group of hedge funds.
The fund in March committed $5 million to Clarium Capital and $5 million to the GLG Emerging Currency & Fixed Income Fund, both global macro offerings, as well as $681,106 to Global Undervalued Securities Fund, $12 million to Millennium Global Credit Fund, a global macro fund, $2.5 million to Paulson Advantage Plus, an event-driven fund; $2.5 million to Whitebox Hedged High Yield, a capital-structure arbitrage fund; and $9 million to Xerion Fund, an event-driven fund.
The commitments were made through one of CRF’s fund-of-fund programs, which are not disclosed “for competitive reasons.”
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 McKitich, CIO of Petty 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…
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…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.