Wednesday, 1 October 2014
Last updated 5 hours ago
Apr 6 2011 | 3:43am ET
A Virginia teachers’ pension may pour more than $60 million into its fund of hedge funds portfolio.
NEPC, the consultant to the $1.6 billion Educational Employees’ Supplementary Retirement System of Fairfax County, is poised to recommend the pension increase its hedge fund allocation from 5% to 8%. “With continued moderate volatility and dislocation in security prices, hedge funds in general should continue to do well,” NEPC tells the pension’s board in a presentation.
The new allocation would not trigger a manager search, HFMWeek reports. Instead, Fairfax would award an additional $32 million to each of its two existing fund of hedge funds managers, Grosvenor Capital Management and Permal Group. The two firms currently manage a combined $85 million for the system.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...