Big Apple Hires Hedge Funds Chief

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.


In Depth

Dillon Eustace: The Advantages of ICAVs

Feb 11 2016 | 7:51pm ET

As the growth of alternative investment vehicles continues, global asset managers...

Lifestyle

Citadel's Ken Griffin Donates $40M To New York's Museum of Modern Art

Dec 22 2015 | 9:23pm ET

Citadel founder Ken Griffin has donated $40 million to New York’s Museum of Modern...

Guest Contributor

Hedging Against Reputational Risk in the 21st Century

Feb 12 2016 | 7:18pm ET

For investors, the first step in researching a new fund or manager is to google...