Wednesday, 1 October 2014
Last updated 9 hours ago
Aug 3 2007 | 11:53am ET
The head of the New Jersey Division of Investment last month recommended to the state investment council allocations totaling $225 million to a trio of single-strategy hedge funds and funds of funds.
William Clark proposed a $75 million commitment to equity long/short fund Glenview Institutional Partners, managed by $7.2 billion shop Glenview Capital. The fund employs deep, bottom-up, fundamental analyses of companies with market capitalizations in excess of $1 billion and primarily invests in U.S. equities with some exposure to European equities as well, according to an internal memo. It also invests in high yield bonds.
Additionally, he proposed investments in two funds of hedge funds: an additional $100 million commitment to its existing separate account managed by the Rock Creek Group and another $50 million commitment to its existing Goldman Sachs Hedge Fund Strategies separate account.
The system made initial allocations of $250 million to Goldman Sachs and $150 million to Rock Creek last year. At its Oct. 2006 meeting, it proposed a $50 million investment in the Rock Creek Partners Fund, which was established to seed emerging managers. The system’s agreement with Rock Creek was to withdraw any money from the original separate account.
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…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...