Saturday, 23 August 2014
Last updated 17 hours ago
Apr 20 2011 | 11:01am ET
The Texas Permanent Schools Fund has put one hedge fund manager on watch and boosted its investment in another.
The $24.4 billion fund’s board of directors voted in January to put K2 Advisors on watch; the automatic move came because the $400 million separately managed account managed by K2 underperformed its benchmarks for three straight quarters.
In addition, Texas moved $85 million out of another of its managers, GAM Holding, and into Mesirow Financial, HFMWeek reports. Both funds of hedge funds now manage $300 million on behalf of the fund.
Texas has a total of five funds of funds managing separate accounts, managing a combined $2.46 billion.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note