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I bet Donnie knows the folks at the Illinois Universities.

---------- Forwarded message ----------
From: P&I Alternatives Digest <pi_topic_digest@e.ccialerts.com>
Date: Tue, Apr 26, 2011 at 9:43 AM
Subject: P&I Alternatives Digest: Illinois Universities eyes hedge funds of
funds
To: ncallahan@rosemontseneca.com


<http://e.ccialerts.com/a/hBNtstuB7j4o2B7uYzdNsf31jwC/in1> [image: PI
Alternatives Digest
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Issue Date: Tuesday, April 26, 2011 [image:
Subscribe] <http://e.ccialerts.com/a/hBNtstuB7j4o2B7uYzdNsf31jwC/in3> [image:
Forward to a Colleague]<http://e.ccialerts.com/a/hBNtstuB7j4o2B7uYzdNsf31jwC/in4?RAF_TRACK=&email=ncallahan@rosemontseneca.com>
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>
<http://e.ccialerts.com/a/hBNtstuB7j4o2B7uYzdNsf31jwC/in18> Featured
Conferences P&I's Fixed Income
Summit<http://e.ccialerts.com/a/hBNtstuB7j4o2B7uYzdNsf31jwC/in19>

*Less than 2 weeks away
Chicago | April 28
New York | May 3
* Most pension funds have a considerable portion of their investment
portfolio allocated to fixed income. However, fixed income investing has
become ever so challenging in this era of low interest rates and high market
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<http://e.ccialerts.com/a/hBNtstuB7j4o2B7uYzdNsf31jwC/in19>
P&I's Outsourcing CIO's
Summit<http://e.ccialerts.com/a/hBNtstuB7j4o2B7uYzdNsf31jwC/in20>

* Speakers Announced
Chicago | May 17
New York | May 19
* With fast-moving markets, increased globalization and pressure on returns,
Investment committees are coming to the conclusion that they cannot bear the
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<http://e.ccialerts.com/a/hBNtstuB7j4o2B7uYzdNsf31jwC/in20>
Featured Web Seminars The 401(k) Investment
Lineup<http://e.ccialerts.com/a/hBNtstuB7j4o2B7uYzdNsf31jwC/in21>

Making sure that your defined contribution plan meets the needs of both the
sponsoring organization and its participants is a tall order in this
financial and economic environment. This web seminar, a follow-up to our
401(k) Investment Lineup conference series, will give plan sponsors the most
up-to-date thinking on how best to design a DC investment lineup. It will
explore the benefits of employing institutional investment structures, the
challenges of default investing, the duties of the plan sponsor versus the
participant and how best to foolproof a DC plan for the future.

<http://e.ccialerts.com/a/hBNtstuB7j4o2B7uYzdNsf31jwC/in21>
Featured White Paper Are Single-Manager Target-Date Funds Risky for
Large Plan Fiduciaries?
<http://e.ccialerts.com/a/hBNtstuB7j4o2B7uYzdNsf31jwC/in22#ixzz1JDljxJXe>

Many US Defined Contribution (DC) plans chose a single-manager target-date
fund default option following the Pension Protection Act of 2006.
Single-manager target-date funds have several drawbacks, and their
inflexibility poses potential risks for large plan fiduciaries. Custom
target-date funds are relatively new but are already used in roughly
one-third of large DC plans. This paper explores why a custom target-date
fund is likely a more prudent choice than a single-manager target-date fund
for large DC plans.

<http://e.ccialerts.com/a/hBNtstuB7j4o2B7uYzdNsf31jwC/in23> Title
Company Loc. Date Chief Financial
Officer<http://e.ccialerts.com/a/hBNtstuB7j4o2B7uYzdNsf31jwC/in24>
Massachusetts
Pension Reserves Investment Management (PRIM) Board MA 04/18/11 Chief
Investment Officer<http://e.ccialerts.com/a/hBNtstuB7j4o2B7uYzdNsf31jwC/in25>
Virginia
Retirement System VA 04/18/11 Director, Tax Favored
Programs<http://e.ccialerts.com/a/hBNtstuB7j4o2B7uYzdNsf31jwC/in26>
Metropolitan
Transportation Authority NY 04/18/11 Investment
Officer<http://e.ccialerts.com/a/hBNtstuB7j4o2B7uYzdNsf31jwC/in27>
Montgomery
County Public Schools MD 04/18/11 Pension
Counsel<http://e.ccialerts.com/a/hBNtstuB7j4o2B7uYzdNsf31jwC/in28>
Metropolitan
Transportation Authority NY 04/18/11 Vice President - Institutional Service
Relationship Managers<http://e.ccialerts.com/a/hBNtstuB7j4o2B7uYzdNsf31jwC/in29>
Fisher
Investments CA 04/12/11 Chief Information
Officer<http://e.ccialerts.com/a/hBNtstuB7j4o2B7uYzdNsf31jwC/in30>
Federal
Retirement Thrift Investment Board DC 04/04/11 Investment
Officer<http://e.ccialerts.com/a/hBNtstuB7j4o2B7uYzdNsf31jwC/in64>
Oregon
State Treasury OR 04/04/11 Principal Investment Officer Public
Equity<http://e.ccialerts.com/a/hBNtstuB7j4o2B7uYzdNsf31jwC/in65>
State
of CT Office of the State Treasurer CT 04/04/11 Principal Investment
Officer Real Estate<http://e.ccialerts.com/a/hBNtstuB7j4o2B7uYzdNsf31jwC/in66>
State
of CT Office of the State Treasurer CT 04/04/11 VIEW ALL
JOBS<http://e.ccialerts.com/a/hBNtstuB7j4o2B7uYzdNsf31jwC/in23> To
place your ad, contact Erin
Smith <esmith@crain.com> at (212) 210-0719.
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917-945-951