Monday, 28 July 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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…