Iowa ‘In No Hurry’ To Fund Hedge Funds

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.


In Depth

Q&A: Open Season For Closed-End Funds

Aug 29 2014 | 10:00am ET

When Maury Fertig and Bob Huffman, former Salomon Brothers coworkers, launched...

Lifestyle

Och Funds Women In Finance Initiative At U-M

Aug 28 2014 | 3:01pm ET

Och-Ziff Capital founder Daniel Och and his wife have made a "generous donation"...

Guest Contributor

Looking Ahead: What’s In Store For Managed Futures?

Aug 22 2014 | 12:52pm ET

The last five years were phenomenal for investors in equity indices. Will the next...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    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…

 

Futures Magazine

July/August 2014 Cover

The time was right

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 ...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.