Tuesday, 2 September 2014
Last updated 8 hours ago
Mar 23 2011 | 10:53am ET
The Fire and Police Pension Association of Colorado has awarded a $130 million mandate to Aetos Capital.
The $3.1 billion pension's board of directors approved the hire last week, HFMWeek reports, the second of three hedge fund mandates to be awarded for its new absolute return program. GAM Holding won the first, totaling $100 million, for a global macro mandate.
The Colorado pension will invest in Aetos' long/short equity strategy.
Meanwhile, the FPPA is in the middle of its due-diligence process to pick its third absolute return manager, for a commodities mandate.
The pension allocated 11% to hedge funds in 2009, when it replaced its portable alpha program with the absolute return program.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
The twin debacles of MF Global and PFG have damaged the reputation of the futures industry demanding an examination of customer protection rules. New rules are being implemented, which will add cost a...