Monday, 22 December 2014
Last updated 3 hours ago
Jun 20 2011 | 1:59am ET
Boston's municipal public pension plan is looking for a new fund of hedge funds manager to succeed Arden Asset Management.
State-Boston Retirement System has issued a request for proposals seeking one or more managers to run as much as $60 million for the $4.7 billion pension. The manager or managers would replace Arden, which was terminated in March due to personnel changes and other concerns.
Interested funds of funds must have a minimum of $600 million in assets under management, more than half of which should come from public pension funds outside of Massachusetts. State-Boston also requires a three-year audited track record and disclosure of underlying managers, and forbids the use of leverage.
Proposals are due on June 30. The RFP is available on consultant NEPC's Web site.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.