Wednesday, 2 September 2015
Last updated 33 min 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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…