Wednesday, 17 December 2014
Last updated 12 hours ago
Jun 20 2013 | 10:41am ET
The U.K.'s Railway Pensions Scheme is getting on board with the shift from funds of hedge funds to direct hedge-fund investments.
The £19 billion pension has fired two of its three funds of funds and reallocated half of its £2 billion hedge fund portfolio to single-manager funds, Financial News reports. The change will give RPMI's staff more control over its assets, chief investment officer Keith Shepherd said.
RPMI had invested with Blackstone Alternative Asset Management, Grosvenor Capital Management and Rock Creek Group. Shepherd would not tell FN which of the three had been terminated.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.