Fairfield Hands Commodities Mandate To Brevan Howard

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.


In Depth

Dillon Eustace: The Advantages of ICAVs

Feb 11 2016 | 7:51pm ET

As the growth of alternative investment vehicles continues, global asset managers...

Lifestyle

Citadel's Ken Griffin Donates $40M To New York's Museum of Modern Art

Dec 22 2015 | 9:23pm ET

Citadel founder Ken Griffin has donated $40 million to New York’s Museum of Modern...

Guest Contributor

Hedging Against Reputational Risk in the 21st Century

Feb 12 2016 | 7:18pm ET

For investors, the first step in researching a new fund or manager is to google...