Fri, Sep 30, 2016
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. Studies - Hedge funds’ study reveals vast disparity in types of investors securing side letter arrangements, Cambridge: Look to private investments for best access to LatAm growth[more]

    Hedge funds’ study reveals vast disparity in types of investors securing side letter arrangements A new study of the hedge fund space by industry law firm Seward & Kissel LLP reveals a wealth of information regarding established hedge fund managers’ use of side letters—special agreements

  2. Activist News - Caesars 'optimistic' on deal with hedge fund creditors[more]

    From Reuters.com: Caesars Entertainment Corp said on Monday it remains "optimistic" of reaching a $5 billion deal with the bulk of its creditors to push its main operating unit out of bankruptcy, but one hedge fund bondholder said it will pursue litigation. Caesars offered a sweetened $5 billion set

  3. Hedge funds recover from losses as central banks give markets a respite[more]

    Komfie Manalo, Opalesque Asia: The Lyxor Hedge Fund index was up 0.4% from the week ending September 20 (-2.4% YTD), supported by the willingness of central banks to remain accommodative, Lyxor Asset Management said in its weekly briefing. It ad

  4. Perry Capital closing flagship fund after almost three decades[more]

    From Blooomberg.com: Richard Perry, one of the biggest names in hedge funds, is calling it quits after 28 years. Perry, 61, is winding down his New York-based flagship fund as the industry confronts one of the most tumultuous periods in its history. In a letter to investors Monday, he said his style

  5. Eden Rock buys Gottex stake in ERG Asset Management[more]

    Matthias Knab, Opalesque: Eden Rock Group announced the purchase of Gottex’s stake in ERG Asset Management and so the firm is now wholly owned by Eden Rock. The two firms established the joint venture in 2011 to focus on providing cost effective solutions to funds holding illiquid investments, as