Wednesday, 1 October 2014
Last updated 18 min 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.
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…
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