Wednesday, 22 October 2014
Last updated 11 hours ago
Jun 14 2011 | 2:01am ET
The San Diego County Employees Retirement Association is poised to add a prominent commodities hedge fund to its real assets portfolio.
The $8 billion public pension's investment staff has recommended a $50 million investment with RK Capital Management, which runs the Red Kite family of metals hedge funds. Specifically, SDCERA would invest in Red Kite's Mine Finance Fund, HFMWeek reports.
That fund, launched three years ago, returned 19.3% last year.
RK was founded in 2004 and is one of the world's leading metals-focused hedge funds.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
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