Tuesday, 30 September 2014
Last updated 1 hour ago
Jan 20 2011 | 1:05pm ET
Less than three years ago, a small Dutch pension fund dipped its toes into hedge funds. But the Stichting Total Pensioenfonds Netherlands appears to have been unimpressed.
The €250 million pension fund for energy company Total's Dutch employees plans to redeem its only hedge fund investment later this year. HFMWeek reports that the move is the result of a change in risk management strategy.
Total currently invests about 1% of its assets in a single fund of hedge funds manager. The pension did not identify the pink-slipped firm.
"We are still invested in hedge funds at the moment as we haven't yet found a suitable alternative," a source at the pension told HFM. The plan is set for its next investment review in May.
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...