Thursday, 24 July 2014
Last updated 4 hours ago
Nov 16 2006 | 9:54am ET
The Indiana State Teachers Retirement System is planning a major increase in its allocation to alternative investments, including private equity, absolute return funds and real estate.
The $4.8 billion pension plan plans to double its private equity allocation to 10%, chief investment officer Bob Newland said. ISTRS has retained Callan Associates as a consultant; interested parties should contact Gary Robertson at Callan’s San Francisco office for the request for proposals. Newland would not rule out simply turning the new mandate over to Darien, Conn.-based Portfolio Advisors, which runs ISTRS’ current p.e. portfolio.
The fund’s board has also approved an increase in its real estate and absolute return allocations, increasing the former by about $150 million to almost $400 million, and the latter by $120 million to about $300 million.
ISTRS is currently evaluating whether to issue RFPs for the real estate and absolute return allocations, or to simply increase the mandates of its current managers.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…