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Texas Permanent committee OKs hedge fund-of-funds contract extensions, but board postpones decision
trueTexas State Board of Education's finance committee narrowly approved contract extensions for all three hedge fund-of-funds managers of the $29.6 billion Texas Permanent School Fund, Austin, but the full board held off making a final decision.
LACERA earmarks $100 million for GGV Capital
trueLos Angeles County Employees’ Retirement Association, Pasadena, Calif., committed up to $100 million to venture capital fund GGV Capital V, wrote David Kushner, chief investment officer, in an e-mail.
MainePERS commits $380 million to 6 funds
trueMaine Public Employees’ Retirement System, Augusta, made six new commitments totaling up to $380 million.
Carlyle Group adds head of private client group
trueJeffrey C. Holland was named managing director and head of the private client group at Carlyle Group, according to a news release.
Citadel fund said to quadruple with high-frequency trading gains
trueHigh-frequency trading has been good to billionaire Ken Griffin.
Providence Debt Fund III closes well above $1 billion fundraising target
trueProvidence Debt Fund III was closed at $1.75 billion by Benefit Street Partners, the fund's manager.
Bloomberg takes control of commodity index
trueThe Dow Jones UBS-Commodity Index will be renamed Bloomberg Commodity Index effective July 1, following an announcement Thursday of a new strategic partnership between Bloomberg and UBS.
West Sussex County Council brings on Aberdeen for real estate allocation
trueWest Sussex County Council Pension Fund, Chichester, England, hired Aberdeen Asset Management to run about £200 million ($334.9 million) in real estate assets.
LACERS on lookout for commodities manager
trueLos Angeles City Employees' Retirement System is searching for an active, long-only commodities manager to run about $135 million.
Ardian hires director for infrastructure team
trueTobias Gewolker was named a director in the infrastructure team at Ardian.
Texas County & District commits to Column Group biotech startup fund
trueTexas County & District Retirement System committed $15 million to The Column Group II.
Singapore's Temasek launches private equity co-investment fund
trueTemasek, Singapore's sovereign wealth fund, Wednesday announced the launch of a co-investment vehicle to provide opportunities for like-minded institutional investors and, eventually, Singapore retail investors as well, to benefit from Temasek's private equity investment activities.
SEC internal review finds bogus fees paid to private equity firms
trueA majority of private equity firms inflate fees and expenses charged to companies in which they hold stakes, according to an internal review by the Securities and Exchange Commission, raising the prospect of a wave of sanctions by the agency.
Bethlehem Pension Fund scouts for private equity fund of funds
trueBethlehem (Pa.) Aggregated Pension Fund is seeking up to two managers to run a total of approximately $10 million in private equity funds of funds.
SEC adds private fund team to examination division
trueThe SEC is adding private fund expertise to its examination team.