Friday, 29 May 2015
Last updated 6 sec ago
Jul 26 2013 | 10:37am ET
Three prominent hedge funds will split $600 million from a trio of New York City public pension funds.
The three pensions, which invest on behalf of the city's employees, police officers and firefighters, have hired Carlson Capital, Perry Capital and Pharo Management, Hedge Fund Intelligence reports. The mandates are the latest from the pensions, which are seeking to build their direct hedge fund portfolio.
The three pensions, which have $70 billion in assets between them, hired a senior investment officer for hedge funds, Neil Messing, two years ago, and in December announced plans to invest $1.8 billion in as many as 15 hedge funds.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…