Tuesday, 1 December 2015
Last updated 8 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.
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…