New Haven Pension Invests In IndexIQ Hedge Fund Replication Strategy

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.


In Depth

Q&A: Rotation Capital's Rothfleisch On SPAC 2.0

Aug 11 2017 | 7:43pm ET

Corporate actions have long been a staple of event-driven investors, but activity...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Star Mountain: Private Lending in the Lower Middle-Market

Aug 14 2017 | 4:45pm ET

Private credit has become one of the most popular alternative asset classes in recent...

 

From the current issue of