The gain takes the fund's market value to $96.7 billion, erasing most of the losses suffered during the financial crisis.
At the GAIM hedge fund conference this week, managers focused on the problems that could hit their firms rather than the past year's client inflows and 20% returns.
Following an internal investigation by CalPERS, Ares Management and Relational Investors have agreed to stop using so-called placement agents and reduce the fees they charge the fund by millions of dollars over the next five years.
Since the Gulf of Mexico oil spill started in April, pulling down BPs share price, the governments of Norway, Kuwait, China and Singapore have lost billions of dollars.
Directionless investors are conspiring with weak macro-economic conditions to unsettle a business model dependent not just on activity, but short selling, leverage and spreads, says Dominic Hobson, editor in chief of Global Custodian.
The head of China's $114 billion national pension fund said Thursday that the euro will survive the sovereign debt crisis.
BP's Chairman Carl-Henric Svanberg and Group Chief Executive Tony Hayward issued a statement saying they will meet obligations to institutional investors, including pension schemes, but are unable to guarantee dividend payments.
Dutch fund of funds Alpinvest is close to taking over Royal Bank of Scotland’s European private equity fund portfolio.
The executive director of the Massachusetts Pension Reserves Investment Management Board (MassPRIM) is stepping down next month, a treasury staffer said Monday.
David Adkins has been appointed as the trust's chief investment officer.
Citing a $19.1 billion budget deficit, the largest US public pension delays taking hundreds of millions of dollars more from the state to pay for employee retirement benefits next year.
The New York-based retirement plan provider is looking for money managers from colleges and foundations and may announce the initiative as soon as this week.
Penn West is selling 45% of oil-sands properties to the $289 billion China Investment Corp.
James Walsh plans to leave his position as CIO at Cornell University to start a hedge fund targeting institutional investors.
Transurban, Australia’s biggest toll road operator, plans to raise enough capital to finance its acquisition of Sydney's troubled Lane Cove Tunnel.