Sunday, 29 November 2015
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.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…