News

The Public Employees Retirement Association of New Mexico is committing a total of $95 million to three hedge and private equity funds, according to minutes from today’s investment committee meeting.

Henry McVey, previously a managing director and chief U.S. investment strategist at Morgan Stanley, is joining Fortress Investment Group.

Pamplona Capital Management this month launched the Global Emerging Markets fund, an equity long/short equity vehicle.

Dexion Capital is parting ways with FRM Investment Management, the sub-advisor to its Dexion Trading Limited fund of hedge funds.

Omni Partners has rebranded its highly successful Hartford Growth Fund and opened it to outside investors. The newly-dubbed multi-strategy Omni Global Fund began trading in February with some $60 million in assets.

Steve Clark, CEO of the British firm, has been trading his own capital in the Hartford fund since June 2001, earning a 44.6% return last year.

Hedge funds are on pace for their best year since 2003, as the Greenwich Global Hedge Fund Index rose 2.18% last month to reach 6.84% year-to-date.

The Blackstone Group has hired Joan Solotar as a senior managing director, public markets.

U.K.-based Standard Life Investments yesterday held a final close of its latest private equity fund of funds.

The University of Oxford and the Man Group today announced the creation of the Oxford-Man Institute of Quantitative Finance. 

Singapore-based CLSA Capital Partners, the alternative investment arm of CLSA Asia-Pacific Markets, recently launched a dedicated Asian water and waste management private equity fund.