Saturday, 27 December 2014
Last updated 3 days ago
Apr 16 2010 | 12:03pm ET
The Santa Barbara County (Calif.) Employees’ Retirement System has canned its only hedge fund manager and will seek a new fund of hedge funds manager after its investment is liquidated this summer.
The $1.7 billion public pension fund is bidding farewell to Arden Asset Management, which manages a $30 million fund of funds mandate for SBCERS. One of the plans trustees, Donald Kendig, told HFMWeek that it wants to hire a firm with a “broader and more diversified product” than Arden.
“Arden has another broader product, but we wanted to take it to the market again and chose not to invest with them,” Kendig said.
SBCERS will begin its search for a new fund of fund managers after its Arden investment is returned in June.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.