Monday, 22 December 2014
Last updated 16 hours 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.
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.