Tuesday, 30 September 2014
Last updated 19 min ago
Jul 9 2010 | 10:59am ET
Britain’s Pension Protection Fund is making good on its pledge to diversify its portfolio through alternative investments. The agency, which backstops the U.K.’s pension funds, is looking for as many as 10 managers to run alternative credit strategies portfolios.
PPF spokeswoman Ana Moreno told Pensions & Investments it was unclear exactly how much that the £4.6 billion fund would invest in alternative credit, and said that chosen managers would receive their allocations over the next four years. In addition to hedge funds, Moreno said that PPF will look at other managers running high-yield corporate debt, distressed debt, mezzanine financing, bank loans and other strategies.
PPF in May decided to increase its alternative investments allocation to between 20% and 25%, and for the first time added hedge funds and private equity funds to its list of acceptable investments.
Interested managers have until July 27 to submit a proposal to PPF contracts manager Colin McAlpine. McAlpine’s e-mail address is firstname.lastname@example.org.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...