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

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.

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.

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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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