Saturday, 1 November 2014
Last updated 17 hours ago
Mar 15 2011 | 2:45am ET
Hedge fund adviser Aksia has received a temporary reprieve from the Ohio School Employees Retirement System.
The $9 billion pension has extended the firm's contract through at least the end of the year; it had been up for renewal on Aug. 15. Instead, Aksia will continue to serve as its hedge fund consultant until it conducts contract review requirements next year, a process which Aksia will be permitted to take part in.
SERS said it decided to postpone the hedge fund consultancy review until after it completes its general consultancy review; the pension's current general consultant is Summit Strategies.
"We didn't want to do these two searches at the same time," spokesman Tim Barbour told HFMWeek.
SERS allocates 15% of its assets to hedge funds.
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…
Traders form habits quickly. Understanding these and their effects can better equip us to decipher actual market moves.