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Alternative Investments

Fort Worth Fund Allocates to WestRiver

September 2, 2010 - The Fort Worth Employees’ Retirement Fund has selected a private equity real estate firm to oversee $25 million of its assets. The Investment Committee recommended WestRiver Capital Management for the account, subject to legal review ...

Louisiana Police Find UBP’s Successor

August 26, 2010 - The Louisiana State Police Retirement System (LSPRS) Board of Trustees decided last month to hire Prisma Capital Partners to replace UBP Asset Management, a hedge fund manager that was let go previously due to low performance and staffing changes. In following ...

Vermont Dives into Hedgies

August 25, 2010 - The Vermont Pension Investment Committee (VPIC) has awarded three hedge fund of funds investment firms a total of $150 million, Stephen Rauh, Committee chair, told IMW. The winning managers include Chicago-based Grosvenor ...

Taunton to Finalize Timber Search

August 24, 2010 - The Taunton Contributory Retirement System could possibly select finalists for its previously released timber investment management search at an Aug. 27 Retirement Board meeting, Paul Slivinski, Board executive director, told IMW. The search ...

Austin Cops Allocate to Multi-Strategy Fund

August 24, 2010 - The City of Austin Police Retirement System (APRS) has given the green light to an alternative investment fund run by Double Eagle Capital Management of Irving, Texas. At a July 21 Board meeting, the Texas plan approved placing $7.5 million ...

OPERS Seeks New Hedge Fund Advisor

August 24, 2010 - The Ohio Public Employees’ Retirement System (OPERS) has officially begun its search to find a new hedge fund advisor as the nearly $70 billion plan gets the ball rolling on its earlier decision to shift assets to the alternatives vehicle. According ...

Stanislaus County Takes on New Asset Mix

August 23, 2010 - The roughly $1.2 billion Stanislaus County Employees’ Retirement Association (StanCERA) has adopted a new asset allocation to include targets to mezzanine and infrastructure ...

Avista, Teachers' Acquire INC Research

August 20, 2010 - Avista Capital Partners paired off with Ontario Teachers’ Pension Plan (OTPP) to acquire INC Research, Inc. The two acquired the contract research organization (CRO) from a group of investors led by Crosspoint Venture Partners and Adams Street Partners...

Hedge Fund Investors Continue to Shun Emerging Markets

August 20, 2010 - Emerging market hedge funds had a net withdrawal of $1.5 billion in the second quarter, the second consecutive quarter that this has occurred. Combining second quarter outflows with performance-based losses, total capital invested ...

Merced County May Add More PE

August 20, 2010 - Since adding private equity as an asset class in 2003, the Merced County Employees’ Retirement Association (MCERA) has only made $30 million in commitments, a figure the that could potentially change following a recent look at the strategy. Last month ...

Kentucky Completes Liability Study, Shifts Allocations

August 20, 2010 - The nearly $12.9 billion Kentucky Retirement Systems (KRS) approved changes to its asset allocation targets yesterday that will effectively “reduce risk” for the Frankfort-based employees retirement plan, Mike Burnside, KRS executive director ...

Delaware PERS Invests in Natural Resources

August 17, 2010 - In following the recommendation of its Investment Committee, the Delaware Public Employees Retirement System (DPERS) Board of Pension Trustees elected to pull $50 million out of a Mellon Capital Management account to be placed ...

Manchester Breaks Bread with Managers

August 10, 2010 - The Manchester Employees’ Contributory Retirement System (MECRS) met with its two hedge fund of fund managers earlier today to discuss their outlooks and plans for the asset class, Executive Director Gerald Fleury told IMW. At its ...

Hennessee Hedge Fund Index Lagged Equity Markets in July

August 10, 2010 - Hedge fund performance in July lagged behind the equity markets in July, according to the Hennessee Group, an advisor to hedge fund investors. The Hennessee Hedge Fund Index, a measure of more than 1,000 funds tracked by the ...

Equity Analyst Joins M.D. Sass

August 5, 2010 - M.D. Sass, a New York-based diversified investment management firm, has added Jason Rapp as a new VP and senior analyst to its equity team. Rapp, who joins the 38-year old firm after most recently serving as a senior analyst ...