Delaware To Redeem From Farallon

Dec 15 2010 | 1:41am ET

Delaware's $6.4 billion pension fund is the latest public plan to bid farewell to Farallon Capital Partners.

The Delaware Public Employees' Retirement System's board of trustees voted to redeem its investment with the San Francisco-based hedge fund, one of three in which it currently invests, HFMWeek reports. The pension will pull its money at the end of the year.

Delaware has invested with Farallon since 2008, when it awarded the firm a $100 million mandate. The pension continues to invest with hedge fund Angelo Gordon & Co. and Barlow Partners.

According to HFMWeek, Delaware is the third public pension to quit Farallon this year, following earlier redemptions by the New Mexico Public Employees' Retirement Association and the Nevada System of Higher Education.


In Depth

Hedge Fund Veteran Peter Borish Talks Trading

Dec 17 2014 | 9:32am ET

Peter Borish says 2014 was “tricky” from a trading perspective. “The best...

Lifestyle

Cohen Donates $1.5M To GOP Governors Association

Dec 10 2014 | 7:13am ET

The Republican Governors Association raised close to $25 million from October 1...

Guest Contributor

Q&A With Daniel Gallancy: Institutional Interest In Bitcoin Is Growing Steadily

Dec 12 2014 | 7:54am ET

Daniel Gallancy is founder and CEO of SolidX, a provider of total return swaps for...

 

Sponsored Content

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

December 2014 Cover

Futures 2014 person of the year

Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.