Wednesday, 1 October 2014
Last updated 1 hour ago
Mar 12 2010 | 8:06am ET
The British pension protection agency is to make its first foray into hedge and private equity funds, and in a big way.
The Pension Protection Fund said this week that it would boost its alternative investments allocation to between 20% and 25%. Currently, the agency, which backstops the country’s pension funds, has only 10% allocated to alternatives—currency and real estate—and none to hedge funds or p.e.
Ian McKinlay, chief investment officer, said PPF was “very deliberately” trying to be more aggressive than the pension funds it serves as a buffer.
“Even though we are investing in private equity and infrastructure we are doing so in a very controlled fashion and will continue with our hedging program that served us very well through the crisis,” he told Reuters.
The nearly £4 billion fund has already has several private equity firms in mind, and will also invest in absolute return funds, McKinlay said.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...