Thursday, 27 November 2014
Last updated 1 day ago
Dec 7 2011 | 1:52am ET
Massachusetts' main public pension fund completed its first round of direct hedge fund investments, picking 10 managers to run a total of $245 million.
The Massachusetts Pension Reserves Investment Management board handed a $30 million mandate to Ascend Capital and a $15 million mandate to Glenview Capital Management. Eight others received $25 million mandates: Brigade Capital, Capula Investment Management, Davidson Kempner Capital Management, Highfields Capital, Indus Capital Partners, Pershing Square Capital Management, Samlyn Capital and Winton Capital Management.
The second set of hires follows the October selection of 11 hedge funds to run $280 million. The $48 million public pension that month invested $30 million with Viking Global Investors and $25 million each with Anchorage Capital Group, Arrowgrass Capital Partners, BlueCrest Capital Management, Brevan Howard Capital Management, Claren Road Asset Management, Elliott Management, Taconic Capital Advisors and York Capital Management.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...