Saturday, 20 September 2014
Last updated 1 day ago
Nov 28 2012 | 12:58am ET
Ohio's main public pension fund has invested $440 million in three hedge funds, all new to the system.
The $76.4 billion Ohio Public Employees Retirement System has hired Brigade Capital Management, KLS Diversified Asset Management and Saba Capital Partners. Brigade's Leveraged Capital Structures Fund and Saba each received $160 million, while KLS got $120 million, Pensions & Investments reports.
Cliffwater, OPERS' hedge fund consultant, assisted with the search, which increases the pension's direct hedge fund portfolio to more than $3.1 billion.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.