Sunday, 3 May 2015
Last updated 1 day ago
Oct 31 2012 | 11:09am ET
One of Europe's largest pension managers is mulling a jump into hedge fund replication.
PGGM, which has €125 billion in assets, may add one or more replication programs to its portfolio, hedge fund chief Jan Soerensen told Investment & Pensions Europe. Soerensen cited the programs' liquidity and relative cheapness are big draws for PGGM.
Soerenson said that the firm's size and relationships with providers allow it to negotiate lower costs. "However, we are looking for other ways to improve the costs of implementing our hedge-fund strategy," he told IPE. "We are looking at trade-based replication of hedge fund beta, for example."
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…