Sunday, 23 November 2014
Last updated 1 day 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.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...