Sunday, 21 December 2014
Last updated 1 day 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
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.