Tuesday, 25 November 2014
Last updated 18 min ago
May 27 2010 | 3:58am ET
The Montana Board of Investments issued a request for proposals for funds of hedge funds almost two years ago. Apparently, the public pension fund manager didn’t like what it saw.
MBI has decided against awarding the mandate after finding the fees too high, the transparency too opaque and the liquidity too dry. Firms responding to the RFP offered “a constant flow of bad hedge fund news,” according to a memo obtained by Pensions & Investments.
“Perhaps the most troubling discovery was that three of the 24 RFP respondents had exposure to the Madoff ‘Ponzi’ scheme,” the memo said.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...