Alternative Market Briefing

Institutions – New data shows that thanks to alternative investments, endowments did relatively well in 2009, California Teachers’ Pension Fund Mulls Commodity Investment

Friday, February 05, 2010

New data shows that thanks to alternative investments, endowments did relatively well in 2009 From AllAboutAlpha.com: American university endowments have long been held up as models of a new form of investing. The so-called “Yale model” is standard fare at industry conferences and the recent travails faced by Harvard’s endowment have scratched a Schadenfreude itch felt by many commentators.

Way back in January 2007, The Economist raised the possibility that these beacons of alternative investing may someday have to pay the piper…“Simply putting 20% into hedge funds is no longer enough. The big test of their prowess will come when lax credit conditions tighten. John Griswold of Commonfund thinks that some investment committees, stuffed with alumni, may be starting to lose track of the risks their endowments are taking.”…Full article: Source

California Teachers’ Pension Fund Mulls Commodity Investment From Bloomberg/BusinessWeek.com: The California State Teachers’ Retirement System, the second-biggest U.S. public pension, is considering investments in commodities to boost returns and provide a hedge against inflation and slumping equities.

The governing board of the fund, with $134 billion under management, is scheduled to hear today a staff report in Sacramento that recomm......................

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