Fairfield, Conn., Hires 'Conservative' Diversified Global

Jul 24 2012 | 11:14am ET

A Connecticut town has entrusted about 5% of its assets to a "conservative" fund of hedge funds.

The Fairfield Joint Retirement Investment Board awarded the $15 million mandate to Diversified Global Asset Management. The firm beat out Blackstone Alternative Asset Management and Lighthouse Investment Partners for the "conservative absolute-return mandate," Pensions & Investments reports.

Callan Associates, the $292 million pension's consultant, assisted with the search.


In Depth

An Interview With Harvest Volatility Management's Rick Selvala

Mar 23 2017 | 5:39pm ET

Several years of extremely low interest rates have pushed some investors into equities...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

SEI: Private Debt Coming Into Its Own

Mar 8 2017 | 9:24pm ET

The explosive growth of private debt over the past few years has caused the lines...

 

From the current issue of