Tuesday, 30 September 2014
Last updated 4 hours ago
Nov 1 2007 | 12:10pm ET
State Street Global Advisors, the largest 130/30 manager in the space, just got a little bigger thanks to the BAA Pension Scheme. The $10 billion manager was awarded a £330 million (US$680 million) global equity 130/30 mandate. The assets will be invested in SSgA’s Global Alpha Edge strategy.
“Institutional investors including pension funds are showing increased interest in 130/30-type strategies because they increase the active opportunity set, enabling investors to achieve higher excess returns by relaxing the long-only constraint and allowing the manager to take limited short positions, in a risk-controlled framework,” said Kanesh Lakhani, managing director for SSgA in the U.K.
State Street launched its first 130/30 strategy focused on the Down Under equity market, the Australian Alpha Edge, in December 2004. Most recent launches include Global Alpha Select Edge and World Index Plus Edge, bringing the firm's total Edge strategies to fourteen with more expected to launch this year.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...