Friday, 24 October 2014
Last updated 17 hours ago
Aug 30 2012 | 3:42am ET
The San Antonio Fire & Police Pension Fund is making its most recent hedge fund buy go a long way.
The Texas pension, which has been reducing and remaking its hedge fund portfolio, has spread $50 million across five hedge funds. Each of the funds received $10 million from the $2.2 billion plan.
The lucky hedge funds are Brevan Howard Asset Management, DaVinci Reinsurance, Indus Capital Partners, Pacific Alliance Investment Management and Pine River Capital Management. San Antonio's allocations went to Pacific Alliance's Asia fund and Pine River's multi-strategy relative value fund.
The five new hires aren't the only hedge funds in line for some of San Antonio's money, Pensions & Investments reports. AQR Capital Management is one of three finalists for the pension's risk-party search.
Consultant Albourne Partners assisted with the hedge fund search.
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…
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