Saturday, 20 September 2014
Last updated 12 hours ago
Jun 5 2008 | 2:00am ET
The Susquehanna County (Pa.) Retirement Board has doubled its allocation to hedge funds, charging its consultant with researching where it should put its money.
At a May 28 county commissioners meeting, the pension fund’s board elected to boost its hedge fund allocation from 5% to 10%. Its consultant, the Seneca Group—which credited its current hedge fund investment with the pension’s outperforming similar public plans—will offer recommendations on which hedge funds the board should consider its next quarterly report. The board may then reallocate immediately, or postpone the move until the end of the year.
Susquehanna County’s entire 5% allocation is currently with the Hatteras Fund, a closed fund of hedge funds.
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.