Saturday, 25 October 2014
Last updated 1 day ago
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.
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…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.