Saturday, 31 January 2015
Last updated 19 hours ago
May 20 2011 | 12:26pm ET
A Connecticut town in the heart of hedge fund country has picked Brevan Howard Asset Management to handle its first commodities investment.
The Town of Fairfield Joint Retirement Investment Board awarded the firm a $9 million mandate, HFMWeek reports. Brevan Howard bested GE Asset Management and Invesco for the allocation.
The Brevan mandate is deemed a commodities investment by Fairfield, but the firm joins two other hedge funds hired in November, the first by the board, which manages both the Town of Fairfield Employees Pension Fund and Town of Fairfield Police & Firefighters Pension Fund, with a total of $273 million in assets. Wellington Management and Conatus Capital won the hedge fund mandates, totaling $15 million.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…