Sunday, 19 October 2014
Last updated 2 days ago
Oct 3 2008 | 2:00am ET
Another big pension plan is rethinking its hedge fund commitments amid the daily flurry of bad news hitting the industry.
The Iowa Public Employees’ Retirement System told FINalternatives that it staff and consultant are reviewing what impact the new investment landscape could have on the risk and returns of hedge funds and funds of funds. The $20 billion plan said it has not invested any money in hedge funds to date, and, given current market conditions, “we are in no hurry to fund them at this time.”
IPERS’ investment board in July approved hiring funds of hedge funds Blackstone Alternative Asset Management and JPMorgan Alternative Asset Management after a year-long search. Both firms were to get $300 million each, with funding taking place over a two-to-three-year time horizon.
IPERS’ decision to balk at hedge funds follows the $11 billion School Employees Retirement System of Ohio’s decision to put the brakes on its own hedge fund investments, blaming ongoing problems in the financial markets.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...