Saturday, 20 December 2014
Last updated 1 day ago
Dec 18 2006 | 4:01pm ET
The $23 billion Employee Retirement System of Texas is looking to allocate a combined 15% of its total assets to private equity and real estate, according to spokeswoman Mary Jane Wardlow. The allocation will be split evenly between the two asset classes.
“It’s going to take some time to get this underway so the number that is being reported of $3.5 billion is inconsequential,” said Wardlow. San Francisco-based Callan Associates, which is serving as the system’s consultant, has estimated that it will take the system five to seven years to reach the target for private equity and three to five years for real estate.
The system’s next board meeting is slated for February.
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.