Friday, 24 October 2014
Last updated 2 hours ago
Nov 15 2012 | 2:37am ET
Massachusetts' state pension chiefs have named a new head of its hedge fund portfolio.
Eric Nierenberg was named a senior investment officer responsible for hedge fund strategies by the Massachusetts Pension Reserves Investment Management Board. Nierenberg, who is expected to start his new job in December, currently teaches finance at Brandeis University, and is a former portfolio manager at Lee Munder Capital Group.
"Eric's superb qualifications in investment analysis will help us apply rigorous scrutiny to existing and potential investment strategies," MassPRIM executive director Michael Trotsky, himself a former hedge fund manager, said.
MassPRIM recently elected to cut back on its fund of hedge funds portfolio in favor of direct hedge fund investing, to save on fees.
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…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...