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Maine PERS commits to 2 funds
trueMaine Public Employees Retirement System, Augusta, made two new commitments totaling up to $100 million, said James Bennett, deputy chief investment officer, in an e-mail.
Institutional investors a big factor in Claren Road exodus
trueInstitutions are prominent among the investors that will have collectively reduced hedge fund assets managed by Claren Road Asset Management LLC by 75% in the year ending Sept. 30.
Managers courting new client base
trueAlternative investment firms are kicking into high gear their efforts to attract retail dollars as they look to diversify into new, and less demanding, sources of capital.
Retailers' property purges will pump up deal flow
trueRising commercial real estate prices are enticing more retailers, including Macy's and Sears, to sell their properties, creating a growing source of real estate deal flow.
Private equity has evolved from 'Barbarians' of '80s
trueIf the number of hostile takeovers continues its predicted rise this year, don't expect a repeat of the 1980s when private equity firms played a central role. One example from that era is the $25 billion takeover of RJR Nabisco Inc. that gave rise to the finance geek classic book and movie ...
Working with a world view
trueAlternative investment firms' push for retail clients is a global one.
Louisiana Municipal Police names 2 finalists for private equity
trueLouisiana Municipal Police Employees Retirement System, Baton Rouge, named HarbourVest Partners and Warburg Pincus as finalists in an invitation-only search to commit $15 million to a private equity fund, said Kathy Bourque, director.
Ramius seeds Caerus Global Investors, takes stake in firm
trueCaerus Global Investors, a long/short equity manager, struck a partnership with Ramius that gives the small firm a $100 million seed investment, boosting its assets to $170 million.
Co-head of TPG's Asian business leaving to start own firm
trueBenjamin Gray, co-head of the Asian business at alternative investment firm TPG, is planning to leave the firm once the current $3.3 billion TPG Asia VI fund has been invested.
Houston Municipal redeeming Claren Road investment
trueHouston Municipal Employees Pension System is redeeming its investment in Claren Road Credit Partners.
Commercial real estate market getting overpriced — report
trueThe commercial real estate market is shifting to an overpriced market, especially for core properties in the top markets, said real estate research firm Situs RERC, in a second-quarter report.
San Diego City commits $50 million to Davidson Kempner fund
trueSan Diego City Employees' Retirement System committed $50 million to Davidson Kempner Special Opportunities Fund III.
SS&C to acquire Citigroup's hedge fund and private equity administration business
trueSS&C Technologies Holdings will acquire Citigroup's alternative investor services business for $425 million, subject to certain adjustments, an SS&C spokeswoman said.
Avon Pension Fund picks J.P. Morgan for hedge fund of funds
trueAvon Pension Fund hired J.P. Morgan Alternative Asset Management to set up, implement and manage a roughly £187 million hedge fund-of-funds portfolio.
Texas Employees sets private equity, hedge fund pacing for fiscal 2016
trueTexas Employees Retirement System plans to commit about $950 million to between six and 10 new private equity funds and co-investments in the fiscal year ending Aug. 31, 2016.