Monday, 30 November 2015
Last updated 2 days ago
Jun 5 2012 | 12:08pm ET
Arkansas' main public pension fund is set to jump into hedge funds for the first time.
The $4.7 billion Arkansas Public Employees Retirement System, heretofore extremely reluctant to move into the hedge fund space, voted in April to hire a fund of hedge funds, HFMWeek reports. The pension is now searching for a manager to handle a $100 million mandate.
The change of heart follows a February board meeting, at which APERS' executive director and Grosvenor Capital Management sought to demonstrate the value of hedge funds to the pension's portfolio.
Hedge funds "could mitigate much of the volatility currently found in the APERS portfolio without adding any risk," executive director Gail Stone said.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…