Tuesday, 2 September 2014
Last updated 3 hours ago
Mar 24 2011 | 11:21am ET
One London neighborhood is none to happy with the Man Group.
The London Borough of Bexley's pensions committee has redeemed its only hedge fund investment, with Man's fund of hedge funds arm, Man Investments. The committee cited poor performance and a recent asset liability study, HFMWeek reports.
"Return on the original £10 million investment in a fund of hedge funds since 2006 had been disappointing," the committee's minutes said. "At the last meeting it had also been agreed that investment in hedge funds should not feature in the long-term asset allocation."
Bexley first invested with Man, then RMF Investment Management, in 2006. As recently as 2008, the pension mulled doubling its investment in the fund of funds.
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…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...