Wednesday, 17 December 2014
Last updated 4 hours ago
Feb 3 2012 | 12:21am ET
A pair of Chicago pension funds have jumped into hedge funds, hiring three funds of hedge funds to run some 9% of their assets.
The Cook County Retirement Board picked Blackstone Alternative Asset Management, Diversified Global Asset Management and Rock Creek Group to serve as the first hedge fund managers for the two Cook County Annuity & Benefit Fund plans.
Blackstone is the biggest beneficiary, getting about $500 million of the $692 million allocations from the Employees' and Officers' Annuity & Benefit Fund and Forest Preserve District Employees' Annuity & Benefit Fund, including the Forest fund's entire allocation. The other two funds of funds will manage satellite portfolios.
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.