How pension funds could change their asset allocation... [more]From Moneyweb.co.za: Regulatory changes and lower expected returns from traditional assets classes could prompt local pension funds to increasingly turn to alternative assets in their search for yield. A study conducted by the Organisation for Economic Co-operation and Development (OECD) in 2011, sh
Comment - Hedge fund managers stung by 'class warfare' rhetoric... [more]From CNBC.com: Hedge fund investments are finally outperforming, but the public image of their managers is taking a beating. President Barack Obama called the group "society's lottery winners" last week, noting that the top 25 earning hedge fund managers made more in 2014 ($11.6 billion) than the ro
Regulatory - Puerto Rico's House passes new tax measures... [more]From Reuters.com: Lawmakers in Puerto Rico's House of Representatives voted on Thursday to introduce new tax measures designed to raise $1.2 billion in revenue. The measures, which need Senate approval, include a sales tax hike to 11.5 percent from 7 percent and could help Puerto Rico secure market
People - Seifert joins 361 Capital... [more]From FA-mag: Denver-based liquid alternative investments firm 361 Capital has hired Alexandra Seifert as its senior vice president of marketing.
Seifert previously worked for more than a decade in senior-level positions at Janus Capital Group, where she most recently held the position of vice pre
Commodities - Jim Chanos oil becoming ‘mundane return-on-capital’ business... [more]From Bloomberg.com: “Having to do things like drill in the Arctic” and “deal with Mr. Putin” are some of the reasons hedge fund manager Jim Chanos said he’s “really negative” on integrated oil companies.
“They’re replacing $20 oil with $80 oil, that’s the problem,” Chanos said in an interview
…And Finally - In New York City, you can be fired for being ‘too nice’... [more]From Newsoftheweird.com: In New York City, someone can be fired for being "too nice." Doorman Ralph Body, 41, was dismissed from his job at an upscale New York City apartment building because he did too many favors for tenants, according to an April New York Post report. Body said he "gave his life"