Friday, 24 October 2014
Last updated 17 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."
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 ...