Wednesday, 1 October 2014
Last updated 8 hours ago
Oct 2 2012 | 11:27am ET
The Ohio School Employees Retirement System has shaken up its hedge fund portfolio.
The $9.9 billion pension fund has terminated two hedge funds and replaced them with two others. Out are Lansdowne Partners and OMG Capital; in are Archer Capital Management and Nephila Capital.
Ohio School's new managers got $30 million each, Pensions & Investment reports. The pension picked Archer's offshore event-driven multi-strategy fund and Nephila's Triton event-driven reinsurance fund.
The new mandates were funded by redeeming $35 million from OMG's Opportunities Trading Fund and $23.4 million from Lansdowne's Global Financials Fund. Both redemptions were due to underperformance, Ohio Schools spokesman Tim Barbour told P&I.
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…
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