Listen to the Money Management Intelligence team recap and bottom line their top stories of the issue. This week, the team breaks the news that a major corporation has begun a due diligence review of its recordkeeping and administrative services for its $1.4 billion defined contribution pension plan. A $1.8 billion California plan has increased its hedge fund allocation to 25% from 5%, none of which is currently invested. It hopes to begin farming out mandates within the six months. Some institutional investors are seeking ways to maximize the return on the cash held their portfolios in response to the current low interest rate environment through enhanced cash investments. Enhanced cash strategies seek out returns through investments in high-quality, short-term securities such as Treasury bills and commercial paper. Another West Coast public plan has approved three private equity investments, totaling more than $1 billion, and two emerging market fund-of-fund investments at its Feb. 16 meeting. To read more click on the links below:
Corporation Reviews Providers
Calif. Plan Searches For Hedge Funds
Funds look to boost cash returns
West Coast State Seeks Foreign Investments