Tuesday, 13 October 2015
Last updated 18 hours ago
Jun 23 2006 | 9:01pm ET
The $500 million Knoxville (Tenn.) City Employees Pension Fund has selected Union Bancaire Privee Asset Management and Cadogan Management as its new fund-of-hedge funds managers. Michael Cherry, executive director, said the two firms will handle a combined $35 million mandate but the plan has not decided on the split between the two firms. Funding will come from a rebalancing of the fund and no managers will be terminated, he added.
The plan had discussed investing in hedge funds last year after the City Council approved a new investment policy to include alternatives. The fund is still in early discussions about a private equity search. Cherry said the fund hasn't decided whether it will invest directly or through a fund-of-funds but has a target allocation of 4%. Interested managers should contact consultant Dan Holmes of Summit Strategies Group.
Oct 7 2015 | 4:57am ET
Charity A Leg To Stand On (ALTSO) will hold its 12th Annual Hedge Fund Rocktoberfest – NYC on October 15 and its 4th Annual Rocktoberfest - Chicago on October 22. Read more…