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

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.

P.E. Firm Method Advisors Names New Partner

Jul 25 2014 | 6:03am ET

Private equity firm Method Advisors has named Orlando Mendoza as a partner. In his new role, Mendoza will be working from the firm's Boston office, focusing on co-investments, fund-level investments and business development.

Hedge Fund Perry Capital Bets On Paper Mills, Puerto Rico

Jul 25 2014 | 5:54am ET

Perry Capital, the $10.9 billion hedge-fund firm run by Richard Perry, is betting on the paper and packaging industry anticipating that the value of companies could double if they adopt a new tax structure.

RenTech Shuts London Office, Stops Selling Funds In Europe

Jul 24 2014 | 10:32am ET

New European Union hedge-fund regulations have cost that continent’s investors access to Renaissance Technologies.

Wynnefield Fundraising After Founder Beats Insider Trading Rap

Jul 24 2014 | 10:31am ET

Its founder cleared of insider-trading charges, Wynnefield Capital is wasting no time getting back to business.

CalSTRS Backs Peltz For Pepsi Board

Jul 24 2014 | 10:01am ET

After going nowhere for the better part of a year, Trian Partners’ campaign against PepsiCo has won some much-needed new momentum.

More News

In Depth

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia and beyond have given hedge-fund manager David Yarrow a clear shot at artistic and financial success, says William Cash.

More Features
David Yarrow (left)David Yarrow (left)
 
 
Dave CarsonDave Carson
 
 
 
 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note