Tuesday, 2 September 2014
Last updated 1 hour 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.
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…
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 ...