New York’s State Comptroller, Thomas DiNapoli, has hinted the constitutionality of legislation to create a board of trustees for the State’s Common Retirement Fund may be challenged.
Correlations and the lesson, finally, learned
US-based quant shop AQR Capital has pioneered the notion of hedge fund beta as an investable product. With first-year performance numbers now in, Greg Bright spoke with the firm’s managing and founding principal, Cliff Asness.
The Intersection of Energy, the Environment and the Economy
Cary Krosinsky, vice president of Trucost and co-editor and author of Sustainable Investing: The Art of Long Term Performance, recently presented at an Audubon-hosted event alongside Libby Cheney of Shell. Here he writes for conexust1f.flywheelstaging.com drawing on his presentation about the intersection of energy, the environment and the economy, and the implications for asset owners. … Read more
Investors seek liquidity in hedge fund managers: Preqin
Transparency, liquidity and risk management have replaced the performance record of a fund as the key consideration of hedge fund investors, according to a recent survey of 50 global institutional investors by Preqin, which also found half of those surveyed intend to maintain their current exposure to hedge funds in the next year.
LACERS prioritises local companies
The Los Angeles City Employees’ Retirement System (LACERS) will give preference to Los Angeles-based companies in its alternative investment allocations, providing all else is considered equal in terms of performance, strategy, personnel, and philosophy.
Alaska continues self assessment with special meeting
The Alaska Permanent Fund Corporation Board of Trustees has called a special meeting for October 15, to discuss among other things the performance of the executive director and the fund’s securities lending agenda.
