Wednesday, 25 November 2015
Last updated 7 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.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…