Wednesday, 17 December 2014
Last updated 3 hours ago
May 9 2011 | 12:26pm ET
Florida's public pension overseers have added another hedge fund to their portfolios.
The Florida State Board of Administration has handed a $125 million mandate to Starboard Value, an activist hedge fund spun off from Ramius Capital in March. The move follows the FSBA's hiring of Highline Capital Management and Mason Capital Management for a pair of hedge fund mandates totaling $250 million.
Starboard Value is the fourth corporate activist hedge fund hired by the FSBA, Pensions & Investments reports, and the investment is part of the fund's strategic assets allocation.
Starboard Value is helmed by Jeff Smith, Peter Feld and Mark Mitchell, who managed the firm's funds at Ramius. Ramius, now part of Cowen Group, the boutique investment bank Ramius bought at the end of 2009, still owns a minority stake in Starboard Value.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.