Tuesday, 1 December 2015
Last updated 8 hours ago
May 22 2014 | 10:28am ET
Massachusetts’ main public pension fund is sticking with Arden Asset Management.
The firm is expected to be tapped as the Massachusetts Pension Reserves Investment Management Board’s hedge fund adviser, it said yesterday. The mandate is expected to be finalized by the $58 billion pension’s board next month.
Arden has managed MassPRIM’s transition from fund of hedge funds to direct hedge fund investments for the past two years. The firm was previously a fund of funds manager for the pension.
In its new role, Arden will succeed Cliffwater, whose three-year contract expires this year. It will not manage any money itself, merely serving as a consultant on potential hedge fund investments.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…