Friday, 24 October 2014
Last updated 1 hour 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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...