Saturday, 4 July 2015
Last updated 9 hours ago
Jun 21 2010 | 12:17pm ET
While one noted New Haven, Conn.-based investor has made a killing on hedge funds, the city’s own public pension fund has shied away from them—until now.
Dipping its toe into a pool that the Yale University endowment has long done laps in, the New Haven City Employees’ Retirement Fund has made its first investment in a hedge fund-like strategy. Emphasis here on the “like”: New Haven has picked a hedge-fund replication strategy run by IndexIQ, and has invested its $8 million through a managed account, HedgeWeek reports.
The IndexIQ Hedge Multi-Strategy SMA uses exchange-traded funds to replicate the performance of its Multi-Strategy SMA Index.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…