Saturday, 23 May 2015
Last updated 13 hours ago
Apr 4 2012 | 2:23am ET
Two weeks after picking its first hedge fund manager, the London Borough of Camden's pension fund has finally made public the winner of the £50 million mandate.
The £994 million (US$1.59 billion) plan picked BlueCrest Capital Management from an initial list of 54 possible managers, Professional Pensions reports. The London-based firm topped four other finalists: Aurum Funds, Blackstone Group, Brevan Howard Asset Management and Prisma Capital Partners.
"BlueCrest's bid was very impressive, in a large and good quality field," Peter Brayshaw, the head of the Camden borough council's pension fund subcommittee, said. "I look forward to the benefits this new mandate will bring by diversifying the fund asset base in the current financial climate."
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…