Tuesday, 29 July 2014
Last updated 5 hours ago
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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…