Friday, 28 November 2014
Last updated 4 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.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...