SSgA Nabs Welsh Pension Fund Of Hedge Funds Mandate

Dec 23 2009 | 9:08am ET

A Welsh public pension fund has picked State Street Global Advisors to fill a £20 million absolute return fund of hedge funds mandate.

Clwyd Pension Fund’s money will be invested in SSgA’s SSARIS multi-manager strategy, which targets returns of 3% to 6% over U.S. Treasuries. The selection of SSgA was made by the Flintshire County Council.

“We are confident that SSARIS will meet our investment objectives,” Philip Latham, manager of the pension fund, said.


In Depth

Q&A: George Schultze On His Fund's Unique Approach to Distressed Investing

Apr 16 2015 | 1:01am ET

George Schultze is a managing member of Schultze Asset Management, a long/short...

Lifestyle

Puerto Rico Woos The Rich But So Far Gains Little

Apr 17 2015 | 2:45am ET

Hedge fund manager Rob Rill grins. He has just had word that U.S. financial regulators...

Guest Contributor

Minnesota Supreme Court Rejects The Ponzi Scheme Presumption: Lenders Claw Back Some Of Their Own Rights

Apr 17 2015 | 9:23am ET

A recent court ruling in Minnesota has put an end to the Ponzi Scheme Presumption...

 

Editor's Note