Thursday, 28 August 2014
Last updated 6 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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...