Alternatives

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  1. New York City promotes 2 to head of private equity, hedge funds

    trueAlex Done and Neil Messing were named head of private equity and head of hedge funds, respectively, at the bureau of asset management in the office of New York City Comptroller Scott Stringer, said Eric Sumberg, Mr. Stringer’s spokesman.

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  1. South Carolina has to allocate up to $1.5 billion in alts to reach new asset mix

    trueSouth Carolina Retirement System Investment Commission, Columbia, received an update on the progress of implementing the pension fund's asset allocation, which became effective July 2013.

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  2. Amundi appoints deputy CEO for alternatives business

    trueMichael Hart joined Amundi’s alternative investment unit as deputy CEO and global head of business development, a spokeswoman said.

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  3. Blackstone acquires residential real estate business from GE Japan Corp.

    trueBlackstone Group is acquiring GE Japan Corp’s residential real estate business for more than ¥190 billion ($1.6 billion), said Peter Rose, Blackstone spokesman, in an e-mail.

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  4. South Carolina sets $619 million for 4 firms

    trueSouth Carolina Retirement System Investment Commission invested or committed a total of $619 million with four alternative investment managers, with the possibility of an additional $450 million being invested over time.

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  5. Virginia Retirement System slates $1 billion in commitments

    trueVirginia Retirement System committed $428 million to a new strategic opportunity program, $225 million to private equity and $350 million to real estate in recent weeks.

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  6. BlueBay shuts macro hedge fund as portfolio manager leaves to start own venture

    trueBlueBay Asset Management is closing its $1.4 billion macro hedge fund after a senior portfolio manager left the London-based firm to start his own venture.

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  7. Maine Public Employees earmarks $260 million to 3 funds

    trueMaine Public Employees’ Retirement System made three new commitments totaling up to $260 million.

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  8. Ohio Police & Fire commits $80 million to 2 funds

    trueOhio Police & Fire Pension Fund made two new commitments totaling up to $80 million.

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  9. Pompano Beach pension fund makes real estate commitment

    truePompano Beach (Fla.) General Employees’ Retirement System committed $3 million to American Strategic Value Realty Fund, a value-added, non-core open-end real estate fund managed by American Realty Advisors.

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  10. CPPIB commits additional $400 million to China real estate joint venture

    trueCanada Pension Plan Investment Board committed an additional US$400 million to Goodman China Logistics Holding, the board’s joint venture with real estate investment manager Goodman Group, to develop logistics projects in China.

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  11. Columbia joins Blackstone in retail hedge fund initiative

    trueColumbia Management, which oversees more than $350 billion, is joining with Blackstone Group to increase retail investors' access to hedge fund strategies.

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  12. University of Houston chooses long/short, buyout funds

    trueUniversity of Houston System invested $10 million in Proxima Capital Master Fund, a long/short equity hedge fund managed by Proxima Capital Management, for its $592 million endowment.

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  13. New Jersey earmarks $100 million for Asia real estate fund

    trueNew Jersey Division of Investment committed $100 million to Real Estate Capital Asia Partners IV, an opportunistic non-core real estate fund managed by SC Capital Partners.

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