San Diego Ready To Invest In Red Kite Mines Hedge Fund

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.


In Depth

bfinance: Fees Falling Across Asset Classes, Yet Overall Investor Costs Still Climbing

May 16 2017 | 9:53pm ET

Despite unprecedented attention on fees, new research from investment consultancy...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Risk-Based Compliance: Why Oversight Of Outsourcing Is Critical

May 10 2017 | 7:02pm ET

Compliance is notoriously one of the trickiest middle office functions for funds...

 

From the current issue of