Thu, May 7, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Texas Employment to committ $2.4bn to alternatives in 2014: hedge fund news, week 34

Monday, August 26, 2013

amb
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%......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. SEC charges funds of hedge funds Alpha Titans, executives, and auditor for improper expense allocations[more]

    Update: Please note the important updated information at the end of the article.The Securities and Exchange Commission today announced charges against a Santa Barbara, Calif.-based hedge fund advisory firm and two executives involved in improper allocations of fund assets to pay undisclose

  2. Avenue Capital raises $700m for new energy hedge fund[more]

    Komfie Manalo, Opalesque Asia: Global hedge fund Avenue Capital Group, which manages $13bn in assets as at end March, reported that it raised an additional $700m for a new energy fund that it plans to launch in May. Avenue Ca

  3. Opalesque Exclusive: Carne establishes non-EU ManCo in Jersey[more]

    Benedicte Gravrand, Opalesque Geneva: For those managers who will not domicile their fund in the European Union (EU) and yet want to distribute it in the EU – especially the UK –, going under the wing of an AIFMD-compliant ManCo on the Channel Islands could be one of the ways to do it. Ch

  4. Opalesque TV: Aequam Capital: Asset management industry will be mainly quantitative going forward[more]

    Benedicte Gravrand, Opalesque Geneva: Before starting his boutique in 2010, Arnaud Chretien, co-founder and CIO of Aequam Capital, worked ten years as a market trader and 18 years as a quantitative and systematic fund manager for Soc

  5. Class-action lawsuit accuse hedge fund Standard General of holding American Apparel hostage[more]

    Komfie Manalo, Opalesque Asia: A shareholder class-action suit filed on Wednesday accused New York-based hedge fund Standard General of holding American Apparel hostage. It would reportedly reap huge benefits if the clothing company declared bankruptcy. Standard General is the controlling sto

 

banner