In the latest move to demonstrate the same commitment to climate change it expects from its portfolio companies, CalSTRS has signed The Climate Registry, a leading voluntary greenhouse gas registry in North America. The $147 billion fund will report on its carbon footprint, which was dramatically reduced when it moved into its new building in
The UK’s National Employment Savings Trust (NEST) is looking for a Sharia-compliant funds manager to manage a global equity fund as it plans to offer more than its default strategy to members.
Accessing non-correlated strategies has emerged as the top institutional aim in hedge fund investing, according to a survey by SEI Knowledge Partnership and Greenwich Associates, reflecting a shift in objectives since the 2009 survey, when institutions reported diversification and absolute return as priorities.
This article by Momtchil Pojarliev and Richard Levich proposes a methodology to measure crowded trades and applies it to currency managers. According to the authors, this methodology offers useful insights regarding the popularity of certain trades among hedge funds and provides regulators with another tool for monitoring markets.
While active management has been the biggest contributor to the outperformance of the New Mexico Educational Retirement Board in the past year, the fund has a firm focus on the value of asset allocation. With this in mind it recently changed its long-term policy allocation, dramatically increasing the allocation to credit opportunities from 5 per
Fee comparison between hedge funds and private equity is riddled with complexity, but a research paper by specialist alternative consulting firm, Cliffwater – that weighs outcomes by their likelihood of occurrence – finds a fee cost for the typical hedge fund equals 32 per cent of gross profits, while for private equity it is 25
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