Thursday, 26 November 2015
Last updated 1 day ago
Mar 5 2007 | 11:40am ET
GE Asset Management, the $53 billion pension plan of General Electric, is looking for exposure to Asia and convertible arbitrage hedge fund managers. Chris Linehan, a spokesman for the plan, said it is currently discussing a number of alternatives for investments including direct investments versus funds of funds and the amount to be allocated.
“This is a scenario we’re evaluating and considering but there are no specific plans at this point," said Linehan.
GEAM’s decision was first reported by Alternative Investment News.
GEAM currently has $3 billion invested in hedge funds, with exposure to funds of funds, fixed-income arbitrage, distressed debt, multi-strategy and equity long/short funds.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…