Sunday, 29 November 2015
Last updated 1 day 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.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…