Fla. Picks Highline, Mason For Pension

May 5 2011 | 11:16am ET

The Florida Retirement System has two new hedge funds in its portfolio.

The Florida State Board of Administration hired Highline Capital Management and Mason Capital Management, Pensions & Investments reports. The former received $150 million for its Partners QP long/short hedge fund and the latter $100 million for its eponymous event-driven strategy.

The allocations are part of a 6% allocation—2% each to absolute return, long/short equity and open mandate hedge funds—on the part of the $131.3 billion pension. Cambridge Associates, the FSBA's hedge fund consultant, assisted it on the searches.


In Depth

Q&A: MackeyRMS's Chris Mackey On A High Tech Fix To Broker Votes

Jun 23 2017 | 8:17pm ET

The looming implementation of the EU’s MiFID II rules regarding research has put...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Steinbrugge: Asia-Focused Hedge Funds Offer Great Opportunities

Jun 23 2017 | 3:33pm ET

Emerging market strategies have outperformed their developed-market peers for five...

 
Error

From the current issue of