Tuesday, 22 July 2014
Last updated 39 min ago
Apr 6 2010 | 9:31am ET
The Man Group has won a US$1 billion fund of hedge funds mandate from Britain’s Universities Superannuation Scheme.
The pension fund, one of the U.K.’s largest, last year announced plans to boost its alternative investments portfolio and begin investing directly in hedge funds. The Man investment is the largest allocation made as part of that plan, which will be put into place over the next two years, Financial News reports.
The money from the £27 billion USS, which has previously invested only in hedge fund replication strategies, will be invested with Man Investments.
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…