Thursday, 28 August 2014
Last updated 4 hours ago
Sep 22 2011 | 12:03pm ET
The California Public Employees’ Retirement System has invested $100 million in seed money with Breton Hill Capital, a Toronto-based global macro hedge fund with investments in equities, commodity and financial futures, and currencies.
The investment, part of the CalPERS Absolute Return Strategies program, is CalPERS first seed investment with a hedge fund manager. The pension fund also has approximately $500 million invested with customized funds of hedge funds focusing on emerging managers.
“The Breton Hill investment continues our efforts to source best-in-class investment talent,” said Joseph Dear, CalPERS chief investment officer. “Our agreement creates a strong alignment of interests between CalPERS and Breton Hill, and our seed investment will add value to our portfolio as Breton Hill successfully executes its strategy.”
Breton Hill’s investment approach is based on using momentum to earn risk-adjusted returns not just in equities but in a variety of asset classes. The firm employs tactical capital allocation, security selection and an active approach to portfolio risk management to improve risk-adjusted returns.
CalPERS launched its Absolute Return Strategies program in April 2002 and has $5.3 billion invested in it as the end of June.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...