Friday, 28 November 2014
Last updated 13 hours ago
Jun 19 2008 | 2:00am ET
At least one penion fund is not shy about investing in alternatives. The $6.3 billion San Bernardino County (Calif.) Employees’ Retirement Association last month approved upping its allocation to the space from 32% to 35%.
The fund is also boosting its distressed debt, credit and private equity portfolios with new commitments, according to minutes from its May 12 meeting. Last month, the fund committed $10 million each to secondary buyout funds Lexington Middle Market II and Industry Ventures V.
It also committed $30 million each to Oaktree U.S. Convertible Bond Strategy, Oaktree High Income Convertible Bond Strategy, Lord Abbott Convertible Fixed Income Management Fund and Ares Enhanced Credit Opportunities Fund.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...