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Pantheon Hires Verizon Pensions Innovator to Head Private Equity for DC
Pantheon, the $24bn (€18.3bn) private equity fund of funds manager, has hired Michael Riak for its newly created role of head of US defined contribution (DC). Riak, who worked for 17 years with Verizon...
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Carlyle: U.S. Pensions Make Way For Overseas Peers, Retail Investors
Carlyle still considers U.S. pension funds as its biggest customers, though it says their relative importance is on the cusp of declining. Speaking on the Washington-based firm’s first quarter earnings...
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Morgan Creek to Acquire Signet Capital Management
The investment firm Morgan Creek Capital Management announced on Tuesday that it had agreed to acquire the alternative funds business of Signet Capital Management. The agreement is the latest...
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Blackstone courts bold trades for new fund
Blackstone is preparing to launch a “super” hedge fund to cherry-pick the best trades from the hundreds of third-party hedge funds it invests with in return for paying them a commission. Read full...
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The Fund of Funds 50: Survival of the Biggest
When it comes to funds of hedge funds, one name is practically synonymous with the industry — Blackstone Group. That’s in part because of its colossal size: As of year-end 2012, Blackstone Alternative...
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Solamere Capital, Romneys’ PE Firm, Launches Fund II
Solamere Capital, the private equity fund-of-funds and co-investment firm co-founded by Mitt Romney’s eldest son, Taggart Romney, has begun raising its second vehicle, Solamere Capital Fund II LP,...
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Gold, Silver: Comparisons to real estate and fiat currency printing rates
China’s official overseer of foreign-currency reserves is considering real estate and other investments in the United States, according to American news reports. Bloomberg News on Monday cited two...
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Institutional investors push more allocations to hedge funds, says AIMA study
Institutional investors’ shift from 60/40 portfolios into hedge funds is continuing, according to research by the AIMA Investor Steering Committee (ISC). This comes as a growing number of investors use...
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Maryland Pension Selects Hedge Fund Consultant, PE Managers
A Maryland public pension fund has a new hedge fund consultant and a pair of new private equity managers. The $3.2 billion Montgomery County Employees’ Retirement System hired Albourne America “to...
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Carlyle to Sell Shares as Calpers Seeks to Exit 4% Stake
Carlyle yesterday filed to sell as many as 12.7 million shares, including an over-allotment option of 1.66 million shares, to allow Calpers to exit its stake. Calpers bought 5.5 percent in Carlyle in...
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