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

An Interview With Harvest Volatility Management's Rick Selvala

Mar 23 2017 | 5:39pm ET

Several years of extremely low interest rates have pushed some investors into equities...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

SEI: Private Debt Coming Into Its Own

Mar 8 2017 | 9:24pm ET

The explosive growth of private debt over the past few years has caused the lines...

 

From the current issue of