Saturday, 28 November 2015
Last updated 1 day ago
Dec 13 2010 | 3:13am ET
The pension for gas company BP’s Dutch unit is giving up on hedge funds.
Stichting Pensioenfonds BP has decided to redeem its only hedge fund investment, HFMWeek reports. The pension will end the allocation next year, and has not decided how to redeploy the money.
The BP plan would not identify the firm being terminated, nor did it reveal how much it was managing. But a source told HFMWeek that the unidentified firm was a fund of hedge funds and that the €650 million pension had “concerns over liquidity.”
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…