Thursday, 23 October 2014
Last updated 14 hours ago
May 17 2012 | 10:12am ET
The Ohio Public Employees Retirement Systems continues to spend its new $3 billion hedge fund allocation.
The latest beneficiary of its plan to deploy those billions by the end of the year is Comac Capital. The $73.3 billion public pension voted to invest $120 million in Comac's Global Macro Fund yesterday, HFMWeek reports.
Comac's hire follows that of Ascend Partners and Canyon Capital Partners in March and those of Winton Capital Management and BlueCrest Capital Management in January. The Comac mandate is the largest that OPERS has so far handed out as part of the new program; the previous four hires split $295 million.
OPERS plans to hire more new funds this quarter and next, it said, in addition to an opening for hedge funds to seek a slice of a separate risk parity mandate.
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 ...