News

CalPERS Supports Emerging Managers

The $236 billion California public pension said it has allocated $400 million toward three emerging managers in the pension fund's Manager Development Program II for public investment.

SEC Ends PAAMCo Probe Without Charges

Pacific Alternative Asset Management Co. will not face a Securities and Exchange Commission enforcement action over its relationship with Paloma Partners' Donald Sussman.

Australia's Sunsuper Seeks Small Hedge Fund Managers

Bruce Tomlison, Sunsuper's portfolio manager, has expressed his support of smaller hedge fund managers in favor of larger ones; consultants have an all-embracing approach, saying "it would be foolish to completely shun the large guys."

With Pension Bonus Announcements, Smaller Funds Join Public in Outcry

News that investment managers at the Texas Teacher Retirement System received more than double what every other state agency's top employees have received combined since 2007 has raised concerns that top-performing executives may flee smaller funds with less robust compensation structures.

CalPERS Demands More Info on Pension-Bashing

In response to statements by a CalPERS board member that Wall Street firms seeking to invest with public pensions should disclose if they’ve supported groups critical of government funds, industry insiders have expressed concerns over first amendment rights.

Australia to SWFs: 'Come on In'

In a bid to enhance Australia's reputation as a foreign investment destination, the Australian government is considering rules that would give foreign government-owned funds a tax break.