Monday, 22 December 2014
Last updated 2 hours ago
Dec 13 2006 | 3:51pm ET
The Los Angeles County Employees Retirement Association, a $36.7 billion public fund, last month issued a request for proposals for collateralized commodity futures strategies. Interested firms should be registered with the Securities and Exchange Commission and, as of Sept. 30, must have a minimum of $300 million in assets under management in the proposed product.
LACERA currently allocates 55% of its assets to domestic and international public equities, 6% to private equity, 29% to domestic fixed income and 10% to real estate. The fund’s board of investments recently approved an allocation of up to 3% in collateralized commodity futures, and it is anticipated that this 3% target will be achieved over a period of approximately three years with the initial investment totaling 1% of assets ($370 million). Prospective managers will be benchmarked to the Dow Jones-AIG Commodity Index. The deadline for responses is noon Pacific time on Dec. 22.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.