London Pension Picks Hedge Fund, But Stays Coy

Mar 22 2012 | 2:35am ET

The London Borough of Camden, having whittled the list of candidates for its first hedge fund mandate to five top names, has made its choice. It's just not saying which it's chosen yet.

The borough's £972.4 million (US$1.5 billion) pension plan will invest £50 million in the hedge fund, HFMWeek reports. Camden had narrowed an initial list of 54 to Aurum Funds, Blackstone Group, BlueCrest Capital Management, Brevan Howard Asset Management and Prisma Capital Partners.

The disappointed applicants may get another bite at this particular central London apple: Camden will consider further allocations.

"During the manager presentations, councillors and officers were impressed with the standard of product available," the pension's director of finance wrote. Camden can invest up to 5% of its assets in hedge funds.


In Depth

Will Liquid Alts’ Performance Sustain Future Asset Flows?

Aug 25 2014 | 10:34am ET

Liquid alternative investment funds saw the highest percentage of capital inflows...

Lifestyle

Hedgies, Economists and Musicians Mingle At Milkin Mixers In Hamptons

Aug 25 2014 | 6:00am ET

Leave it to Michael Milken to bring some gravitas and sweat to the Hamptons -- along...

Guest Contributor

Looking Ahead: What’s In Store For Managed Futures?

Aug 22 2014 | 12:52pm ET

The last five years were phenomenal for investors in equity indices. Will the next...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    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…

 

Futures Magazine

July/August 2014 Cover

The time was right

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 ...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.