Thursday, 2 October 2014
Last updated 2 min ago
Nov 30 2010 | 12:35pm ET
New Jersey's state public pension manager is poised to pour $300 million into hedge funds—including two new hires.
The New Jersey State Investment Council earlier this month may award a pair of $100 million mandates. The Garden State last month boosted its alternative investments limit to 38% from 28%.
The beneficiaries of the new largesse are likely to be Brummer & Partners and Winton Capital Management. The $70.2 billion pension is considering awarding the mandates to the former's Lynx global derivatives hedge fund and to the latter's Winton Futures Fund, HFMWeek reports.
The SIC also voted to boost its investments with Davidson Kempner Capital Management and King Street Capital by $50 million each. Both hedge funds currently manage $100 million for the pension.
Even with the new allocations, New Jersey still has a long way to go before reaching its alts. limit. The system had 14.26% of its assets invested in alternatives at the end of the third quarter, and only one third of that in hedge funds.
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...