Thursday, 5 March 2015
Last updated 51 min ago
Apr 21 2014 | 10:42am ET
A Clinton Group hedge fund’s work for the Austin Police Retirement System is done.
The $610 million Texas pension plans to redeem $16 million from the firm’s Magnolia hedge fund, Pensions & Investments reports. APRS CEO Sampson Jordan told P&I that the fund had matured and its investment horizons had been met.
Austin will also liquidate its holdings of a CBRE Special Situations distressed fund for the same reason. The pension has $10.8 million invested in that vehicle.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…