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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

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.

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.

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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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