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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.

 

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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.

Argentina Debt Meeting Delayed

Jul 24 2014 | 10:00am ET

Distance has forced another delay in talks to avert an Argentina default next week.

Citadel Founder Splits With Wife

Jul 24 2014 | 9:58am ET

Citadel Investment Group founder Kenneth Griffin has filed for divorce from his wife of 10 years.

Point72 Adds JPMorgan Healthcare Manager

Jul 24 2014 | 7:40am ET

The family office formerly known as SAC Capital Advisors has hired a JPMorgan Asset Management portfolio manager.

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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.

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David Yarrow (left)David Yarrow (left)
 
 
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    Jul 8 2014 | 10:48am ET

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