Thursday, 28 August 2014
Last updated 5 hours ago
Dec 15 2005 | 5:32pm ET
The $1.4 billion City of Miami Police & Fire Retirement Trust will begin searching in January for two additional private equity fund-of-funds managers to handle a total of $24-28 million in primary partnership portfolios.
Robert Nagle, administrator, said the plan hired fund-of-funds firms Coller Capital and Lexington Partners at its board meeting last week to handle $12-15 million each in secondary partnership portfolios. Landmark Partners was the other finalist in the recently completed search. The money will come from a rebalancing of the plan's portfolio.
The investments in private equity are the plan's first. Nagle said the board was looking to diversify and add more alpha and went with private equity because it was looking for equity-type investments, as opposed to fixedincome. The search is being conducted by Milliman and is expected to be completed in by the end of the second quarter.
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…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...