Thursday, 23 October 2014
Last updated 1 hour ago
May 3 2010 | 10:03am ET
A pair of funds of hedge funds is the beneficiary of a Virginia pension’s rebalancing act.
The Fairfax (Va.) Educational Employees’ Retirement System will invest an additional $16 million with Grosvenor Capital Management and $12 million with Permal Investment Management, HFMWeek reports.
The move, at the recommendation of its consultant, NEPC, will both return Fairfax to its 5% hedge fund allocation and leave the two funds of funds managing roughly equal sums for the plan.
The Fairfax pension manages $1.3 billion.
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…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...