Thursday, 23 October 2014
Last updated 2 hours ago
Feb 11 2014 | 10:06am ET
Canada's national retirement system plans to launch an in-house hedge fund, led by an Invesco and Partner Fund Management veteran.
The new division, which will be based in the Canada Pension Plan Investment Board's London office, will have four to five managers running a long/short strategy in Europe, the Middle East and Africa, Financial News reports. It will be led by Dureka Carrasquillo, who has joined the CPPIB from family office Tranberg Capital Management.
"There is a team in Toronto that does this," Alain Carrier, CPPIB's head of Europe, told FN. "We think European equities remain very attractive. It is in the context of us building out our London office; the one set of our business that has not been present is the public side."
CPPIB, which manages C$193 billion (US$175 billion), currently has about 60 staffers in London, a number Carrier expects to "grow substantially." The pension is also growing elsewhere, having opened offices in New York and Brazil last month.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...