Thursday, 30 October 2014
Last updated 33 min ago
Nov 21 2012 | 10:39am ET
Hedge fund Aspect Capital has won an £80 million mandate from a British public pension fund.
The £2.3 billion Leicestershire County Council Pension Fund picked the firm to run a managed futures portfolio. The money will be invested in Aspect's Diversified Fund, Financial News reports.
"An initial investment of £58 million was made on Nov. 14 and the remaining funding is expected to be provided over the next six to nine months," the pension's investments manager, Colin Pratt, said. "Funding for the mandate has been sourced from the fund's hedge fund portfolio, managed by Fauchier Partners, on which redemption notices were served early in 2012."
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…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.