Saturday, 30 August 2014
Last updated 1 day ago
Jun 11 2013 | 9:53am ET
A London pension fund is giving one hedge fund manager a big vote of confidence, and another the heave-ho.
The London Borough of Croydon Pension Fund will double its investment with BlueCrest Capital Management to £28 million (US$44 million). The new allocation to BlueCrest will be funded by the termination of Fauchier Partners.
"Performance was the key factor," Croydon pensions chief Nigel Cook told Bloomberg News. "It was disappointing, and board members felt that they were looking for something more from Fauchier."
Cook declined to provide details about Fauchier's performance.
It is unclear still whether Croydon will simply double its investment in BlueCrest's flagship AllBlue fund, or put its money into another BlueCrest fund.
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…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...