Sunday, 1 February 2015
Last updated 1 day ago
Jul 14 2011 | 2:25am ET
The Garden State's main public pension fund is set to invest in two hedge funds new to the system—which is also on the lookout for even more, as it seeks to fill a newly-doubled hedge fund allocation.
The New Jersey State Investment Council has approved a pair of nine-figure investments. The $74.7 billion pension will invest up to $125 million in Canyon Capital Advisors' Balanced Fund and up to $100 million with Astenbeck Capital Management's Commodity Fund, HFMWeek reports.
What's more, the Council is looking to add Asian hedge funds in the wake of its decision to increase the pension's allocation to 10% from 5%.
"We would really like to look at some good hedge funds focused on India and China—most likely in long/short equity strategies where we would feel safe in finding somebody," Maneck Kotwal, hedge fund investment officer, told Asia FM.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…