Monday, 20 October 2014
Last updated 2 days ago
Apr 19 2012 | 11:01am ET
Hedge funds are being asked to compete for the Ohio Public Employees Retirement System's new $450 million risk parity mandate.
The $73 billion public pension fund issued a request for proposals for the mandate yesterday. Interested managers have until the end of the month; OPERS plans to hire as many as five.
"OPERS may engage four to five investment managers with an allocation of $70 to $90 million each to manage using a risk parity approach," the pension wrote in the RFP. Hedge funds with at least $500 million in assets and a three-year track record are welcome to apply.
The possibility of hedge fund mandates in the risk-parity program follows OPERS' decision to invest an additional $3 billion in hedge funds by the end of this year.
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…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. 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 ...