PSERS awards $350m to hedge fund
From Moneymanagementletter.com: The $46bn Pennsylvania Public School Employees Retirement System has invested $350m in a hedge fund, $200m in structured alpha, $250m in residential mortgage-backed securities, and $500m in emerging markets equity. A spokeswoman for the pension said the money is coming from cash and rebalancing.
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Icelandic pension scheme ups hedge funds
From Globalmoneymanagement.com: The USD460.3m (GBP285m) Festa Lífeyrissjóður public pension fund is in the process of increasing its alternatives allocations, looking particularly to raise its hedge funds exposure. Festa is increasing its alternatives allocation to 10% this year. Exposure now stands at 8%, up from a previous 5%. The scheme, which is the product of the 2006 merger of Lífeyrissjóður Sudurlands and Vesturlands Lífeyrissjóður, is not ... Full article (subscription required): Source
CalPERS endorses investors' appeal for shareowner 'say on pay'
The California Public Employees' Retirement System (CalPERS) has signed a letter from institutional investors that urges financial companies to enact the shareowner advisory vote on executiv......................
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