Saturday, 27 December 2014
Last updated 3 days ago
May 25 2012 | 3:19am ET
The Fort Worth Employees' Retirement Fund is poised to add a pair of hedge fund strategies to its lineup.
The $1.7 billion Texas public pension is in the final stages of adding the strategies, HFMWeek reports. Allocations to an emerging markets relative value credit hedge fund and a global macro emerging markets hedge fund are expected in August.
The new investments will help push Fort Worth towards its 20% hedge fund target. It currently has $305 million in hedge fund investments, just $35 million below its $340 million target.
Fort Worth last year hired an event-driven hedge fund, and also employs long/short, relative value and macro/directional managers.
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.