Sunday, 21 September 2014
Last updated 1 day 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 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…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.