Friday, 25 July 2014
Last updated 3 min ago
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.
Jul 25 2014 | 9:36am ET
Credit Suisse has lost its top prime-brokerage executive, Kevin Meehan.
Jul 25 2014 | 9:35am ET
Bank of America has named a replacement for Stuart Hendel as head of its prime-brokerage business.
Jul 25 2014 | 9:34am ET
Hedge fund Candlewood Investment Group has snagged a former Royal Bank of Scotland trader.
Jul 25 2014 | 8:33am ET
Alternative investment provider Altegris has named Robert Murphy as deputy chief investment officer.
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.
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.More News
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.
Jul 24 2014 | 5:55am ET
The number of private funds converting to mutual funds has increased significantly in recent years. Unfortunately, there is a lot of confusion among managers about whether their private fund track record can be portable, what steps they must take to make it happen or even how they can use the track record if it is portable. Industry expert Dave Carson explains.
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.
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…