Sunday, 21 September 2014
Last updated 2 days 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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.