Saturday, 20 September 2014
Last updated 1 day ago
Mar 30 2011 | 8:53am ET
The Clwyd pension fund has hired a pair of hedge funds to manage £80 million in new allocations to the asset class.
The £1 billion plan, which covers employees of Flintshire County Council, picked BlueCrest Capital Management to handle a 3% tactical macro allocation and Duet Asset Management to run a 5% global long/short equity mandate, HFMWeek reports. The hedge funds will get the money on Friday, pension manager Philip Latham said.
The Welsh pension began its search for the two managers in September.
Clwyd also invests in two funds of hedge funds, Liongate Capital Management and State Street Global Advisors.
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…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.