Tuesday, 22 July 2014
Last updated 1 hour ago
Jan 13 2006 | 8:20pm ET
The $27 billion Missouri Public School & Education Retirement System has selected Albourne Partners to assist in placing $600 million with hedge fund managers.
David Harmston, head of Albourne's U.S. client services division, said his firm only makes direct investments with hedge funds, not fund-of-funds.
"People tend to approach us once they have already had some exposure to hedge funds, generally through a fund-of-funds, and they are looking for help to work on a direct portfolio of hedge funds," said Harmston. However, this is the retirement system's first foray into alternatives.
Currently, Albourne's clients have $50 billion invested in hedge funds. Calls to the Missouri retirement system were not returned by press time.
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…