Dr. Ana Cukic Armstrong In the week-ending 23 August 2013, it was reported that the Texas Employees Retirement System, Austin has approved its tactical investment plan that committed $2.4bn to alternatives for fiscal year 2014. This means the $24.2 billion pension fund will have a 10% allocation to private equity, hedge fund and infrastructure.
First Trust Advisors launched a managed futures ETF Morningstar Diversified Futures IndexSM; two executives of Millennium Management are preparing to launch a $1.4bn hedge fund in Asia; and Ignis Asset revealed it plans to launch two new funds later this year as capital inflows reached $1.4bn.
Protege Partners-backed Expedition Advisors shuts down its Asia volatility fund after suffering losses.
The HFRX Global Hedge Fund Index was down -0.40% to mid August (est) (+4.2% YTD);
The HFRU Index up 0.28% (est) (+1.41% YTD);
The Eurekahedge Hedge Fund Index was up 1.02% in July, with 70% of reporting funds delivered positive returns;
The Credit Suisse hedge fund index was up 0.88% (+4.59%......................
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