Texas Teachers bears down on fees
The $140 billion Teacher Retirement System of Texas is renegotiating its deals with hedge fund managers including moving to a 1-and 30 fee model as it looks to realign fees across the board.
AP4: Why a dynamic, shorter term allocation is paying off
Volatile markets have provided a rich hunting ground and opportunistic best ideas have come thick and fast for AP4’s new five-pronged global allocation made up of systematic equity, currency and rates, asset allocation, hedge funds/external mandates and analysis. Magdalena Högberg explains the risks and opportunities of the best ideas allocation.
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Hedge funds still in style at Varma
Reima Rytsölä, chief investment officer at Finland’s largest private pension insurance company, sticks with the fund’s longstanding interest in hedge funds and extends its risk premia strategies.
Hedge funds pruned again
The $12.5 billion School Employees Retirement System of Ohio plans to cut its hedge fund allocation, which struggled last year. However, CIO Farouki Majeed says the asset class is bouncing back.
Distressed Kentucky fund regroups
A struggling pension fund for Kentucky employees has cut back on hedge funds while remaining averse to long-term risk and hopeful of a better climate for US equities to help it recover.
Finnish pension fund counters low rates
Finland’s €18.5 billion State Pension Fund (VER) will slightly increase its allocation to hedge funds, in order to counter the impact of low interest rates on its fixed-income holdings.
AIMCo’s evolving hedge fund strategy
AIMCo combines an internally run portable alpha strategy – with a global alpha pool allocated across beta exposures – with a portfolio of high-conviction specialised external hedge funds.
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