The new bidders at tax lien auctions are seeking big returns.
The chief investment officer at the California Public Employees’ Retirement System spoke to Bloomberg TV on Wednesday. Joe Dear, Calpers’ CIO, says meeting their target return this year will be tough. Over the long-term, Dear said in the Bloomberg story, “Calpers chief says 7.75 percent return (is) tough to meet,” the returns of the largest
It’s not easy these days to hold the line on equity investing with all the volatility we’ve seen in the stock market this year. The wealthy are responding by allocating more of their portfolio to hedge funds, according to a survey by advisory firm Rothstein Kass, which reported that nearly 90 percent of the 151
Alternative investments are all the rage among heavyweight investors. U.S. pension funds are boosting their allocations to hedge funds, according to a recent article on ai-CIO.com, a website that tracks news of interest to chief investment officers of pension funds, endowments and foundations. These guys are the so-called “smart money.” Individual investors can learn a
Hedge funds, the lightly-regulated investments open to those who can meet the high price of entry, appear to be surging in popularity again. The third quarter of 2010 saw the largest-ever quarterly increase of $149 billion in assets, according to Hedge Fund Research (HFR), which tracks and analyzes the funds. Globally, assets grew to $1.917
Hedge funds are so 2000s. The exclusive investments of the rich and richer may be on their way out; in their place institutional investors and investment advisors are buying alternative mutual funds and ETFs. A survey by the investment research company Morningstar, and Barron’s, the investment magazine, found that the liquidity and transparency of mutual