Tuesday, 30 June 2015
Last updated 6 hours ago
Nov 18 2011 | 2:27am ET
A county in suburban Baltimore's pension fund has invested $10 million with a Philadelphia fund of hedge funds.
The $1.3 billion Anne Arundel County Retirement and Pension System awarded the mandate to Attalus Capital. Attalus manages some $2.4 billion, exclusively for institutional investors.
Anne Arundel has also rejiggered its asset allocations, doing away with a specific absolute return and hedge funds portfolio. Instead, the pension will spread its hedge fund investments across its risk parity with alpha overlay, global tactical asset allocation and large-cap portable alpha categories, HFMWeek reports. Most the of the former 7% absolute return allocation will be moved into the risk parity portfolio.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…