Friday, 26 December 2014
Last updated 1 day ago
Feb 3 2012 | 12:19am ET
Coatue Management is the first beneficiary of the Colorado Fire & Police Pension Association's new hedge fund program.
The long/short equity hedge fund became the first to win a mandate from the $3 billion pension's new 20% hedge fund allocation. Coatue will get $34.5 million from the public plan, Pensions & Investments reports.
The FPPA plans to hire hedge funds are a rate of about one per month this year until the roughly $300 million mandate is filled. The pension is conducting its searches internally and will not issue a request for proposals.
The system hopes to add more traditional long/short managers, as well as event-driven and activist strategies, as part of the new allocation.
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.