Friday, 28 November 2014
Last updated 16 hours ago
Jun 7 2013 | 11:31am ET
One major public pension fund is doing away with its hedge fund portfolio—while keeping the hedge funds themselves on board.
The Employees Retirement System of Texas has scrapped its separate hedge fund allocation, Institutional Investor reports. The $24.9 billion pension will continue to invest in hedge funds, but has integrated them into its overall portfolio.
Hedge funds will now be considered part of major asset-class portfolios, such as equity and fixed-income.
ERS voted to integrate its hedge funds in February.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...