Alternative Investments

Assets under management at KKR up for quarter, down year-over-year

By Arleen Jacobius     November 19, 2009

KKR & Co. reported total assets under management of $54.8 billion as of Sept. 30, up 7.9% from $50.8 billion as of June 30 but down 5% from $58 billion at the end of the 2008 third quarter.

Photo: Insurers feel pinch on funding alternative commitments

Insurers feel pinch on funding alternative commitments

By Arleen Jacobius     November 18, 2009

Insurance companies had less cash available to make capital calls by their alternative investment managers in the third quarter than at the same time in 2008, but they still had more liquid assets to pay unfunded commitments than other institutions, according to NYPPEX Private Markets.

Tennessee assigns $25 million to Draper Fisher fund

By Christine Williamson     November 18, 2009

Tennessee Consolidated Retirement System, Nashville, committed $25 million to Draper Fisher Jurvetson Fund X, according to Lamar Villere, director of private equity. The commitment is the...

Boeing preps $1.7 billion in hedge fund searches

By Barry B. Burr     November 18, 2009

Boeing Co., Chicago, plans to search early next year for direct hedge funds to invest almost $1.7 billion, said Andrew Ward, CIO.The searches will begin after officials at the $43.6 billion...

Maryland on lookout for private equity, real estate consultants

By Doug Halonen     November 17, 2009

Maryland State Retirement and Pension System, Baltimore, issued RFIs for private equity and real estate consultants, said Robert Burd, the $32 billion system's managing director.The contract with ...

Long-only or hedge? It no longer matters

By Christine Williamson     November 16, 2009

Institutional investors are gearing up to integrate hedge funds into their equity and fixed-income portfolios, part of a growing trend toward allocating assets based on their sources of return — alpha and beta.

Managers unlikely to escape regulation

By Christine Williamson     November 16, 2009

Hedge fund managers should expect regulation, likely from all corners of the world, according to speakers at the third annual Global Alpha Forum.

Zell: Predictions of commercial crash 'greatly exaggerated'

By Ann Saphir     November 12, 2009

Expectations of an impending crash in commercial real estate that would create bargain-hunting opportunities are “greatly exaggerated,” Sam Zell told several hundred investors Tuesday in...

Illinois Universities picks infrastructure, PPIP firms

By Barry B. Burr     November 9, 2009

Illinois State Universities Retirement System, Champaign, hired Alinda Capital Partners and Macquarie Capital to run $40 million each in the system's first infrastructure allocation,...

Boston plan goes for debtor-in-possession manager

By Timothy Inklebarger     November 6, 2009

State-Boston Retirement System is searching for managers to run up to $50 million in a debtor-in-possession financing.The RFP is posted on the website of the Massachusetts Public Employee...

Lambeth on lookout for LDI, other managers

By Drew Carter     November 6, 2009

London Borough of Lambeth is searching for as many as eight managers to run about £575 million ($951 million), including £210 million in a liability-driven investing portfolio, said Harry Musisi,...

More venture capital dollars in fewer deals in 3rd quarter

By Arleen Jacobius     November 2, 2009

Venture capital firms invested more money in fewer transactions in the third quarter compared with the prior quarter, providing a tiny ray of sunshine for the industry.

Photo: Citadel lifts the gate on hedge fund investor withdrawals

Citadel lifts the gate on hedge fund investor withdrawals

By Ann Saphir     October 30, 2009

Citadel Investment Group, whose flagship hedge funds sank 55% last year amid unprecedented market turmoil, will allow investors to take their money out again after shutting off withdrawals for almost a year.

Venture cap cash to clean tech pushes Q3 investments up

By Arleen Jacobius     October 27, 2009

Venture capital firms invested more money in fewer transactions in the third quarter compared with the prior quarter, providing a tiny ray of sunshine for the industry.

Today’s Markets

Webcasts

Emerging Markets Webcast

Tuesday, November 9, 2009

Cynthia Steer of Rogers Casey and George Hoguet from SSGA discuss the new asset class of choice - Emerging Markets

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Featured Web Seminars

Join Northern Trust experts in a conversation about monitoring and managing alternative asset risk in the context of today's market volatility and challenging liquidity environment.

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December 2, 2009 - 2:00 pm - 3:00 pm EST

Securities lending has emerged from the credit crisis with renewed focus on transparency and risk. Following increased review by regulators, the industry is preparing for further changes.

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Face to Face

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Working the angles: Face to face with Roger Gray

The new CIO of USS discusses his plan to boost the pension fund's allocation to hedge funds and other alternative investments, taking cash out of public equities to fund the move to a "more liability-aware stance and a more diversified asset allocation."

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