Wednesday, 1 October 2014
Last updated 24 min ago
Aug 15 2012 | 11:14am ET
The men and women who keep Missouri's third-largest city safe are entrusting a substantial chunk of their nest eggs with three hedge funds.
The Springfield Police Officers' & Firefighters' Retirement System, which has $208 million in assets, handed $20 million to Wells Capital Management and $10 million each to the Blackstone Group and EnTrust Capital. Wells will run an emerging markets strategy for the pension, while Blackstone and EnTrust funds of funds are their beneficiaries.
The hires followed an invitation-only search by Segal Rogerscasey, Pensions & Investments reports.
SPOFRS' administrative director said that no managers would be fired to hire the three new ones, and that the funding would come from a reduction in the pension's equity allocation.
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…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...