Saturday, 30 May 2015
Last updated 15 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."
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…