Thursday, 28 August 2014
Last updated 2 hours ago
May 25 2011 | 1:53am ET
Austin's finest have entrusted a part of their pension to New York-based hedge fund Phoenix Investment Advisors.
The Texas capital's City of Austin Police Retirement System last month approved the $5 million investment in the JLP Credit Opportunities Fund, HFMWeek reports. The fund focuses on distressed corporate credit and capital structure arbitrage.
Phoenix's cash will come from the $507 million plan's redemption from Orleans Capital.
Austin Police are also changing funds at the Clinton Group, pulling $1.6 million from its equity fund and adding the money to its investment in the firm's multi-strategy fund. After the transfer, that fund will manage $13.5 million of the pension's cash.
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 ...