Thursday, 2 October 2014
Last updated 14 hours ago
Jan 17 2007 | 9:58am ET
The Indiana Public Employees' Retirement Fund grew a little bigger last year thanks to a 13.7% return on investments. The fund, which began the year with $14.1 billion in assets under management, ended with $16.1 billion, taking in some $1.4 billion in the final six months of 2006.
PERF executive director David Adams attributed the 13.7% return to positive investment performance through the calendar year. "While the markets have done well, our investments have consistently outperformed both the market and our targeted rate of return," said Adams.
In August, PERF's board of trustees increased the fund's alternatives allocation to 15% in an effort to manage risk and further diversify its assets into areas beyond stocks and bonds. The fund delivered estimated annualized returns of 21% in its alternative asset class, which includes investments such as private equity, real estate, timber, oil and natural gas, for the fiscal year ending June 30, 2006.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...