Iowa Awards Blackstone, JPMorgan $300M Each

Jul 2 2008 | 2:00am ET

The fund of hedge funds search is over for the Iowa Public Employees Retirement System. The $22.6 billion plan’s investment board has approved hiring funds of hedge funds Blackstone Alternative Asset Management and JP Morgan Alternative Asset Management.

Each firm will get $300 million, with funding taking place over a two-to-three-year time horizon. The other finalists were Gottex Fund Management, Investcorp and Northwater Capital Management.

IPERS issued a request for proposal on August 1 to “evaluate low volatility fund of hedge funds products suitable for use in a portable alpha program.”


In Depth

MiFID2 For U.S. Firms: Key Questions Answered

Feb 27 2017 | 4:54pm ET

The January 2018 deadline for implementation of the EU’s mammoth MiFID2 regulations...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

iCapital Network: The Trump Effect On Direct Lending

Feb 23 2017 | 4:21pm ET

The arrival of the Trump Administration has raised questions among private debt...

 

From the current issue of