Tuesday, 24 November 2015
Last updated 3 hours ago
Jul 20 2011 | 10:04am ET
The San Diego County Employees Retirement Association's investment committee is ready to vote to invest $100 million each in hedge funds run by D.E. Shaw Group and Saba Capital Management.
The $8 billion public pension looks to add that amount to an existing allocation to D.E. Shaw's global macro Heliant Fund, HFMWeek reports. The investment in Saba, founded two years ago by former Deutsche Bank proprietary trader Boaz Weinstein, is a first for SDCERA.
The new investments are designed to reduce portfolio tracking error, increase diversification and balance risks.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…