Saturday, 26 July 2014
Last updated 23 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.
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…