Saturday, 23 August 2014
Last updated 1 day 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.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note