Tuesday, 30 September 2014
Last updated 3 hours ago
Dec 15 2010 | 1:46am ET
The Barclays UK Retirement Fund's decision to set up its own asset management business could imperil its investments with credit hedge funds.
Stergios Saloustros, head of dynamic asset allocation at Oak Pensions Asset Management, told Reuters that "everything is under review" at the £18.2 billion plan. But he specified the Barclays pension's £800 million portfolio of credit hedge funds as potentially deserving of special scrutiny.
Another OPAM executive, chief investment officer Tony Broccardo, added that Towers Watson, the pension's credit hedge fund consultant, could lose its mandate, although Towers Watson will continue to handle its long-only credit portfolio.
OPAM has "the confidence and ability to do better" than Towers Watson in credit hedge funds, Saloustros told Reuters. "There are also quite a lot of fees savings to be made."
"As the team grows, we will take more accountability and more ownership of investment decisions," he added. "That's what I think we should do and what should be bringing good results."
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...