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Orange County Employees eliminates global bond allocation, boosts diversified credit
trueOrange County Employees Retirement System adopted a new asset allocation that eliminates a 2% target to global fixed income, lowers its real-return target allocation to 8% from 10% and increases its diversified credit target to 14% from 10%.
Farmland returns 2.08% in Q1
trueThe NCREIF Farmland index returned 2.08% in the first quarter -- its lowest first-quarter return since 2010, when the index gained 1.11%.
KKR & Co. reports 3% gain over past 12 months to $99.1 billion
trueKKR & Co. reported assets under management of $99.1 billion as of March 31, up 0.5% from Dec. 31 and down 3% from March 31, 2014, KKR first-quarter earnings release shows.
Arizona Public Safety sets $250 million for 4 managers
trueArizona Public Safety Personnel Retirement System is making four new commitments and investments of up to a total of $250 million.
Merced County Employees picks energy, natural resources funds
trueMerced County (Calif.) Employees’ Retirement Association made two new commitments totaling $12.5 million.
Tulare County to launch hedge fund-of-funds search by end of June
trueTulare County Employees’ Retirement Association expects to launch a search for a hedge fund-of-funds manager by the end of June.
Los Angeles County putting $200 million in Blackstone Capital Partners VII
trueLos Angeles County Employees Retirement Association committed up to $200 million to buyout fund Blackstone Capital Partners VII.
10 largest liquid alts funds
trueStandard Life's Global Absolute Return Strategies Fund tops the list of liquid alternative funds, according to data from Preqin. The multistrategy UCITS fund had $35.4 billion in assets as of Sept. 30.
South Carolina commits $375 million to 2 real estate funds
trueSouth Carolina Retirement System Investment Commission committed a total of up to $375 million to real estate managers on behalf of the $29.5 billion South Carolina Retirement Systems.
Ares' Tony Ressler said to buy NBA's Atlanta Hawks for $730 million
trueA group led by Ares Management's billionaire co-founder Tony Ressler won the bidding for the National Basketball Association's Atlanta Hawks.
Ohio School Employees makes $75 million real estate commitment
trueOhio School Employees Retirement System committed $75 million to Lubert-Adler Real Estate Fund VII, a non-core real estate fund managed by Lubert-Adler Partners.
Austin Firefighters commits $15 million to private equity fund of funds
trueAustin (Texas) Firefighters Relief & Retirement Fund committed $15 million to FLAG Private Equity VI.
Arizona State Retirement earmarks $100 million for Blackstone
trueArizona State Retirement System committed $100 million to Blackstone Real Estate Partners VIII, managed by Blackstone Group.
North Carolina launches second in-state private equity fund
trueNorth Carolina Treasurer Janet Cowell announced Wednesday the launch of a second innovation fund that will invest in North Carolina-centered companies.
CalSTRS invests $100 million in activist hedge fund
trueCalifornia State Teachers’ Retirement System, West Sacramento, invested $100 million in activist hedge fund Red Mountain Capital Partners.