Tuesday, 21 October 2014
Last updated 1 hour 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.
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 ...