Saturday, 25 April 2015
Last updated 16 hours ago
Oct 28 2010 | 4:10am ET
Dutch pension fund manager PGGM has launched a socially-responsible hedge fund platform, to which it will direct all of its former fund of hedge funds investments.
PGGM has partners with Lyxor Asset Management on the platform, which will have between 20 and 60 manages initially. Lyxor will handle operations, technology and infrastructure.
The pension fund will invest in segregated managed accounts on the platform, which PGGM said would be “exclusive and private” for its clients. The pension manager said it would stop making allocation to funds of hedge funds.
PGGM said it would take about six months from when the platform goes live to switch out of funds of funds.
“This development fits within our strategy to have more direct control and oversight on investments as a leading responsible investor,” Jan Sörenson, head of hedge funds at the €91 billion pension, said. “Hedge funds have an attractive risk return but show little transparency as well. Now we can achieve full transparency.”
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…