Mon, Aug 21, 2017
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. FinTech - Danger: Crowdfunding on the wrong platform could force you to go public[more]

    From LinkedIn.com: Some equity crowdfunding platforms are putting startups at serious risk. Working with a platform that doesn't structure your deal appropriately could jeopardize your ability to raise future capital or worse, force you to become a public reporting company. The emergence of eq

  2. David Tepper says we're 'nowhere near an overheated' stock market[more]

    From Marketwatch.com: Billionaire David Tepper thinks comparing this current stock-market environment with the overheated markets of 1999 is "ridiculous." The hedge-fund manager, who runs Appaloosa Management, told CNBC in a phone interview on Tuesday that the market's record run, notwithstanding la

  3. Opalesque Exclusive: Altegris and Artivest partner on distribution for alternative funds suite[more]

    Bailey McCann, Opalesque New York: California-based investment firm Altegris has partnered with New York-based alternative investments platform Artivest on distribution for $1 billion in alternative funds. The partnership also launches Artivest's capabilities to offer alternative solutions to acc

  4. Investing - Buffett's Berkshire Hathaway will not increase its Oncor offer, Travel-tilting hedge funds are investing in airlines and online travel agencies[more]

    Buffett's Berkshire Hathaway will not increase its Oncor offer From Reuters.com: The energy unit of Warren Buffett's Berkshire Hathaway Inc said on Wednesday it will "stand firm" on its $9 billion offer to acquire 80 percent of Oncor Electric Delivery Company LLC and will not increase it

  5. Investing - David Tepper sells airline stocks, except Delta[more]

    From Forbes.com: Head of successful hedge fund Appaloosa Management, David Tepper shied away from airlines in the second quarter after upping his bets in the first three months of the year, according to his portfolio filing released this week. Tepper sold all of his position in United Continen