Thursday, 18 December 2014
Last updated 1 sec 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.
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.