Subject: Fwd: North Carolina may up alts allocation to 40%
From: "Neil Callahan" <[email-masked]>
To: "Rob Walker" <[email-masked]>, "Eric Schwerin" <[email-masked]>, "John DeLoche" <[email-masked]>, "Devon Archer" <[email-masked]>, "Hunter Biden" <[email-masked]>
Date: Tue, 7 May 2013 13:17:57 -0400

Who do we know in North Carolina (beside John Edwards :)?

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From: P&I Alternatives Digest <[email-masked]>
Date: Tue, May 7, 2013 at 11:29 AM
Subject: North Carolina may up alts allocation to 40%
To: [email-masked]

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News    North Carolina Senate committee approves 40%
alternatives allocation<http://e.ccialerts.com/a/hBRiRrxB7j4o2B7uYzdNsf31jPG/in139>

North Carolina Retirement Systems, Raleigh, could raise its alternative
investments allocation to 40% of total assets under a bill approved
Thursday by a state Senate committee. The bill has not been scheduled for
full consideration by the Senate or House.
»<http://e.ccialerts.com/a/hBRiRrxB7j4o2B7uYzdNsf31jPG/in139>
  J.P. Morgan Asset Management to buy Manhattan
building<http://e.ccialerts.com/a/hBRiRrxB7j4o2B7uYzdNsf31jPG/in140>

J.P. Morgan Asset Management is acquiring a 31-story office tower in
midtown Manhattan for around $750 million, several sources say.
»<http://e.ccialerts.com/a/hBRiRrxB7j4o2B7uYzdNsf31jPG/in140>
    Operational opportunities to reduce hedge
fund expenses <http://e.ccialerts.com/a/hBRiRrxB7j4o2B7uYzdNsf31jPG/in141>

As the hedge fund industry has grown, so has the cost of running a fund
complex. The upsurge in expenses has hastened in recent years, as firms
have begun to invest in new technology and additional staff to deal with
the issues of a quickly changing landscape. Regulations and investor needs
have been the primary forces driving the cost increases.
»<http://e.ccialerts.com/a/hBRiRrxB7j4o2B7uYzdNsf31jPG/in141>
  Top endowments, foundations had more equity, less
alternatives<http://e.ccialerts.com/a/hBRiRrxB7j4o2B7uYzdNsf31jPG/in142>

The top-performing foundations and endowments in 2012 had the same two
things in common — higher equity exposure and lower allocations to
alternatives — according to a spotlight report from the Wilshire Trust
Universe Comparison Service.
»<http://e.ccialerts.com/a/hBRiRrxB7j4o2B7uYzdNsf31jPG/in142>
  Och-Ziff assets jump 7.4% in quarter, 16.3% in
year<http://e.ccialerts.com/a/hBRiRrxB7j4o2B7uYzdNsf31jPG/in144>

Och-Ziff Capital Management Group, New York, reported assets under
management of $35 billion as of March 31, up 7.4% from the previous quarter
and up 16.3% from a year ago.
»<http://e.ccialerts.com/a/hBRiRrxB7j4o2B7uYzdNsf31jPG/in144>
  Poll: Where do alternatives fit into a DC
plan?<http://e.ccialerts.com/a/hBRiRrxB7j4o2B7uYzdNsf31jPG/in161>

With alternatives managers offering mutual funds, where do you think
alternatives would fit into a DC plan?
»<http://e.ccialerts.com/a/hBRiRrxB7j4o2B7uYzdNsf31jPG/in161>
    Milken Conference
coverage<http://e.ccialerts.com/a/hBRiRrxB7j4o2B7uYzdNsf31jPG/in145>

See all the stories from the Milken Institute Global Conference
»<http://e.ccialerts.com/a/hBRiRrxB7j4o2B7uYzdNsf31jPG/in145>
    U.S. core real estate funds post one-year gains of 9.7% through
Q1<http://e.ccialerts.com/a/hBRiRrxB7j4o2B7uYzdNsf31jPG/in146>

The NCREIF Open-end Diversified Core Equity index - which tracks returns of
19 real estate funds with $93 billion in net real estate assets - was up
2.43% net of fees during the first quarter of 2013, and up 9.67% over the
trailing 12-month period. Since inception more than 35 years ago, the index
has returned 7.15% annually through the first quarter ended March 31.
»<http://e.ccialerts.com/a/hBRiRrxB7j4o2B7uYzdNsf31jPG/in146>
     CalPERS asks Milken crowd for hedge fund
resumes <http://e.ccialerts.com/a/hBRiRrxB7j4o2B7uYzdNsf31jPG/in147>

CalPERS continues to build out its hedge fund capability and seeks four
additional investment professionals to join its six-person team, said
Egidio “Ed” Robertiello, senior portfolio manager, absolute-return
strategies. » <http://e.ccialerts.com/a/hBRiRrxB7j4o2B7uYzdNsf31jPG/in147>
    Real estate bosses see opportunities outside
U.S. <http://e.ccialerts.com/a/hBRiRrxB7j4o2B7uYzdNsf31jPG/in148>

One-third of the $8.5 billion invested by Kennedy Wilson since 2010 has
gone to debt and properties in Ireland, said William McMorrow, Kennedy
Wilson chairman and CEO of real estate, at the Milken Institute Global
Conference in Beverly Hills, Calif.
»<http://e.ccialerts.com/a/hBRiRrxB7j4o2B7uYzdNsf31jPG/in148>
  View More <http://e.ccialerts.com/a/hBRiRrxB7j4o2B7uYzdNsf31jPG/in15>
People  Vinik's global value head to start own firm as Vinik shuts
down<http://e.ccialerts.com/a/hBRiRrxB7j4o2B7uYzdNsf31jPG/in143>

*David Iben*, head of the global value group at Vinik Asset Management,
plans to form his own independent investment management company, possibly
based in Vinik's Tampa, Fla., office.
»<http://e.ccialerts.com/a/hBRiRrxB7j4o2B7uYzdNsf31jPG/in143>
  Pantheon adds former Verizon exec for defined
contribution<http://e.ccialerts.com/a/hBRiRrxB7j4o2B7uYzdNsf31jPG/in149>

*Michael Riak* was named principal and head of defined contribution at
Pantheon Ventures to lead the private equity firm's effort to provide
private equity investments to defined contribution plans.
»<http://e.ccialerts.com/a/hBRiRrxB7j4o2B7uYzdNsf31jPG/in149>
  View More <http://e.ccialerts.com/a/hBRiRrxB7j4o2B7uYzdNsf31jPG/in114>
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