Saturday, 20 September 2014
Last updated 23 hours ago
Mar 28 2012 | 11:33am ET
New Jersey's state pension funds continue to move towards their goal of doubling their hedge fund allocation, with $450 million in new mandates handed out last week.
The New Jersey State Investment Council awarded $200 million to BlueCrest Capital Management, $150 million to Claren Road Asset Management and $100 million to Cadian Capital Management, HFMWeek reports. The hires bring to eight the number of hedge funds added to the Garden State's portfolio over the past year, after the public pension systems increased their hedge fund allocation from 5% to 10%.
Just last month, the $74.7 billion systems awarded $150 million each to Bay Pond Partners and Cevian Capital.
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…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.