Arden Wins Mass. Hedge-Fund Consulting Role

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.


In Depth

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...