Wednesday, 1 October 2014
Last updated 11 hours 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.
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...