Fri, Sep 4, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Investments in hedge funds, alternatives push public pensions’ investment gains

Monday, August 11, 2014

Komfie Manalo, Opalesque Asia:

Public pensions in the U.S., including state and local government pensions posted the highest investment gains since 2011 as the stock markets improves, according to consulting firm Wilshire Associates Inc.

In a report, Businessweek said that data from the Santa Monica, California-based consulting company showed that government pensions registered a median rise of 16.9% from June 3013 to June 2014. It was the highest median posted by public pensions since they registered 21.2% three years ago.

The report added that public pensions with more than $1bn in assets reported the highest performance with 17.4% median because of higher allocations to private equity, hedge funds and other alternative assets.

Wilshire managing director Robert Waid was quoted as saying, "Alternatives outperformed the non-U.S. equity asset class. Larger public plans are more likely to have more exposure to alternatives." He added that smaller public pensions from the state and local government have invested their funds more to less risky U.S. bonds which explained the lower performance.

At the same time, Wilshire Consulting, the institutional investment advisory and outsourced - CIO business unit of Wilshire Associates, said that the ......................

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. Cliff Asness attracts $360 million as liquid alternative funds hold up[more]

    From Bloomberg.com: As U.S. stocks suffered their worst month in more than three years in August, Clifford Asness’s managed futures fund was able to profit. Investors are taking notice. The $9.12 billion AQR Managed Futures Strategy Fund pulled in an estimated $360 million in net subscriptions last

  2. Opalesque Exclusive: When the SEC calls, fund managers need to get out of their own way[more]

    Bailey McCann, Opalesque New York: New pressure is hitting alternative investment funds from all angles. So far this month both hedge fund and private equity players have seen enforcement actions, and subsequent fines over fees, disclosures, and misleading statements. Citi one of the biggest

  3. Performance - Einhorn and Loeb's hedge funds both decline 5% in August, Some target-date funds miss in the market turmoil[more]

    Einhorn and Loeb's hedge funds both decline 5% in August From Reuters.com: Hedge fund billionaires David Einhorn and Daniel Loeb saw their main funds lose roughly 5 percent in August during a dramatic market sell off, two people familiar with their returns said on Monday. Einhorn's

  4. Fortress hedge fund manager David Dredge says markets trouble on the way[more]

    From AFR.com: David Dredge of global hedge fund Fortress has built a career studying, predicting and protecting against the world's major financial crises. The recent convulsions in global sharemarkets are "just the beginning" of a painful adjustment as money drains from the emerging market economie

  5. North America - Puerto Rico agency plans talks with hedge fund creditors[more]

    From WSJ.com: Puerto Rico’s Government Development Bank is planning to begin confidential debt-restructuring talks with hedge funds that own its bonds as early as next week, said a person familiar with the matter. The parties are set to discuss a plan under which the investors would lend additional

 

banner