Saturday, 28 November 2015
Last updated 1 day ago
May 26 2008 | 11:04am ET
The $38.7 billion Teachers’ Retirement System is expanding its emerging managers program beyond the public market asset classes. Under changes adopted by the plan’s board last week, the $500 million program will now formally include private equity, real estate and absolute return firms.
“There are a number of promising firms to which TRS has had difficulty making commitments because the program was focused on public market investments,” said Stan Rupnik, chief investment officer. “Expanding the program will help TRS better utilize young firms, including minority-and-female-owned investment managers, who can ultimately grow into increased mandates within the TRS portfolio.”
The plan’s emerging managers program targets growing investment firms that have smaller asset bases and developing track records.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…