Subject: Fwd: P&I Alternatives Digest: Illinois Universities eyes hedge funds of funds
From: "Neil Callahan" <[email-masked]>
To: "Eric Schwerin" <[email-masked]>, "Hunter Biden" <[email-masked]>, "Arlene Busch" <[email-masked]>
Cc: "Devon Archer" <[email-masked]>
Date: Tue, 26 Apr 2011 10:11:47 -0400

I bet Donnie knows the folks at the Illinois Universities.

---------- Forwarded message ----------
From: P&I Alternatives Digest <[email-masked]>
Date: Tue, Apr 26, 2011 at 9:43 AM
Subject: P&I Alternatives Digest: Illinois Universities eyes hedge funds of
funds
To: [email-masked]

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Issue Date: Tuesday, April 26, 2011  [image:
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News  Illinois Universities eyes hedge funds of
funds<http://e.ccialerts.com/a/hBNtstuB7j4o2B7uYzdNsf31jwC/in5>

Illinois State Universities Retirement System’s investment committee agreed
to consider hedge funds of funds and other absolute-return strategies in
developing asset allocation proposals for an asset/liability study now under
way » <http://e.ccialerts.com/a/hBNtstuB7j4o2B7uYzdNsf31jwC/in5>
  Acting San Diego County CIO to join
consultant<http://e.ccialerts.com/a/hBNtstuB7j4o2B7uYzdNsf31jwC/in6>

Lisa Needle, acting chief investment officer of the San Diego County
Employees’ Retirement Association, is leaving the system on May 13 to join
one of the association’s consultants, Albourne Partners.
»<http://e.ccialerts.com/a/hBNtstuB7j4o2B7uYzdNsf31jwC/in6>
    Early PE and VC returns strong in
Q4<http://e.ccialerts.com/a/hBNtstuB7j4o2B7uYzdNsf31jwC/in7>

Cambridge Associates LLC released preliminary returns for the fourth quarter
of 2010, with 87% of venture capital funds and 80% of private equity funds
in the firm's universe reporting. Final Q4 data will be available the week
of May 9. » <http://e.ccialerts.com/a/hBNtstuB7j4o2B7uYzdNsf31jwC/in7>
  Hedge fund assets top $2 trillion, reach all-time
high<http://e.ccialerts.com/a/hBNtstuB7j4o2B7uYzdNsf31jwC/in8>

Hedge fund industry assets hit an all-time high of $2.02 trillion on March
31, according to new net flow data from Hedge Fund Research.
»<http://e.ccialerts.com/a/hBNtstuB7j4o2B7uYzdNsf31jwC/in8>
  Quebec fund consolidates real estate
units<http://e.ccialerts.com/a/hBNtstuB7j4o2B7uYzdNsf31jwC/in9>

Caisse de Depot et Placement du Quebec on Thursday announced the C$151.7
billion (US$159.2 billion) system is consolidating its real estate
subsidiaries under a single entity, called Ivanhoe Cambridge Group.
»<http://e.ccialerts.com/a/hBNtstuB7j4o2B7uYzdNsf31jwC/in9>
  Single-manager hedge fund launches double in
2010<http://e.ccialerts.com/a/hBNtstuB7j4o2B7uYzdNsf31jwC/in10>

New single-manager hedge funds launched in 2010 totaled 1,184, up 51% from
783 funds that opened in 2009, according to a PerTrac analysis of fund
information from 10 hedge fund databases.
»<http://e.ccialerts.com/a/hBNtstuB7j4o2B7uYzdNsf31jwC/in10>
  Survey: Hedge funds expect institutional
boost<http://e.ccialerts.com/a/hBNtstuB7j4o2B7uYzdNsf31jwC/in11>

Hedge fund managers are more confident that institutional investors will
dominate their client bases in 2011 than they were five years ago, according
to a survey conducted by fund services vendor Rothstein Kass.
»<http://e.ccialerts.com/a/hBNtstuB7j4o2B7uYzdNsf31jwC/in11>
  BlackRock taps LaSalle global CIO to oversee real
estate<http://e.ccialerts.com/a/hBNtstuB7j4o2B7uYzdNsf31jwC/in12>

Jack Chandler was named managing director and global head of real estate at
BlackRock and will start in early June.
»<http://e.ccialerts.com/a/hBNtstuB7j4o2B7uYzdNsf31jwC/in12>
  VFMC ousts private markets chiefs, eyes
infrastructure<http://e.ccialerts.com/a/hBNtstuB7j4o2B7uYzdNsf31jwC/in13>

Andrew Strachan and David Brown, co-heads of private markets for the A$35
billion (US$36.86 billion) Victorian Funds Management Corp., were let go
this month in a move to downplay private equity in favor of infrastructure.
» <http://e.ccialerts.com/a/hBNtstuB7j4o2B7uYzdNsf31jwC/in13>
   Private equity exec to assist NYC pension
funds<http://e.ccialerts.com/a/hBNtstuB7j4o2B7uYzdNsf31jwC/in14>

Rafique DeCastro was hired as an investment officer-private equity in the
New York City Comptroller’s Office Bureau of Asset Management.
»<http://e.ccialerts.com/a/hBNtstuB7j4o2B7uYzdNsf31jwC/in14>
  View More <http://e.ccialerts.com/a/hBNtstuB7j4o2B7uYzdNsf31jwC/in15>
People  Pennsylvania Employees alternatives director to
retire<http://e.ccialerts.com/a/hBNtstuB7j4o2B7uYzdNsf31jwC/in16>

Bruce Feldman, director of alternative investments at the $25.6 billion
Pennsylvania State Employees’ Retirement System, plans to retire.
»<http://e.ccialerts.com/a/hBNtstuB7j4o2B7uYzdNsf31jwC/in16>
  View More <http://e.ccialerts.com/a/hBNtstuB7j4o2B7uYzdNsf31jwC/in17>
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Many US Defined Contribution (DC) plans chose a single-manager target-date
fund default option following the Pension Protection Act of 2006.
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