Sunday, 28 December 2014
Last updated 4 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.
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.