Saturday, 20 December 2014
Last updated 1 day ago
Apr 30 2012 | 11:00am ET
A pair of San Jose, Calif., public pension funds was in New York earlier this month—and will be back in a week—as it begins its search for its first hedge fund managers.
Representatives of the San Jose Public Police & Fire Retirement Plan and the San Jose Federated City Employees Retirement System visited New York-area hedge funds the week of April 16 and will return the week of May 7 to continue. It's just the beginning of a tour of the hedge fund world for the $4.3 billion plans, which will visit Bermuda; Boston; Dallas; Greenwich, Conn.; London and Minneapolis between now and July as they seek to fill the $800 million allocation.
The two plans expect to invest in between 18 and 20 managers with mandates of between $30 million and $50 million, HFMWeek reports. The pensions are looking at multi-strategy, relative value, event-driven, long/short equity and macro/directional hedge funds.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.