Saturday, 23 August 2014
Last updated 23 hours ago
Mar 17 2006 | 12:00am ET
The $53 billion Pennsylvania School Employees Retirement System has adopted plans that recommend a new strategy and a new asset class. The retirement system will introduce a currency hedge program as a strategic element of its non-U.S. equity portfolio and hopes to establish a 5% exposure to commodities as an asset class.
The recommendations are part of a recently completed asset allocation study conducted by Wilshire Associates. Evelyn Tatkovski, spokeswoman, said it is too premature to tell whether the fund will actively seek managers.
The fund also made new commitments to private equity. The plan will commit up to $200 million each to the Fortress Investment Fund IV and Cerberus Institutional Partners. The fund's commitment in the Fourth Cinven Fund will also be boosted to €150 million from €80 million.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note