Friday, 21 November 2014
Last updated 17 hours ago
Apr 5 2011 | 8:51am ET
With a trio of New York City pension funds making their first forays into hedge funds, the city’s comptroller has hired a person to oversee them.
Neil Messing has been named senior investment officer for hedge funds at the Big Apple’s five public pension funds, a new post. He will manage the hedge fund portfolio, reporting to equities chief Seema Hingorani.
Messing joins from Unigestion’s U.S. division, based in Jersey City, N.J.
Over the past month, the New York City Police Pension Fund, New York City Employees Retirement System and New York City Fire Department Pension Fund have invested a combined $450 million with fund of hedge funds Permal Group, a first for all of them.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...