Top Story

CalPERS Plans Big Cuts To Hedge Fund Portfolio

Jul 24 2014 | 10:35am ET

The country’s largest public pension fund is poised to slash its hedge fund investments by almost half.

The California Public Employees’ Retirement System plans to cut its hedge-fund portfolio by 40% this year, pulling some $2 billion from the industry. CalPERS will continue to have about $3 billion invested in hedge funds.

 

Latest News

Griffin Cites Prenup After Filing For Divorce

Jul 25 2014 | 9:48am ET

The battle lines are being drawn in divorce of Citadel Investment Group founder Kenneth Griffin and his wife, Aragon Global Management founder Anne Dias Griffin.

Credit Suisse Prime Brokerage Head Meehan Out

Jul 25 2014 | 9:36am ET

Credit Suisse has lost its top prime-brokerage executive, Kevin Meehan.

BofA Promotes Simpson To Prime Brokerage Chief

Jul 25 2014 | 9:35am ET

Bank of America has named a replacement for Stuart Hendel as head of its prime-brokerage business.

Candlewood Hires RBS Special Situations Head

Jul 25 2014 | 9:34am ET

Hedge fund Candlewood Investment Group has snagged a former Royal Bank of Scotland trader.

Hatteras Vet Joins Altegris As Deputy-CIO

Jul 25 2014 | 8:33am ET

Alternative investment provider Altegris has named Robert Murphy as deputy chief investment officer.

Citigroup Taps Boyle To Lead Equity Derivatives Division

Jul 25 2014 | 6:09am ET

Citigroup Inc., the third-biggest U.S. bank by assets, appointed James Boyle as global head of equity derivatives, replacing Simon Yates who left this month to join a hedge fund.

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In Depth

Change In 'Accredited Investor' Definition Could Hurt Crowdfunding Space

Jul 25 2014 | 8:14am ET

The Securities and Exchange Commission is considering changes to its 30-year-old definition of “accredited investor” that could have serious implications for the crowdfunding industry.

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    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

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