Tuesday, 30 September 2014
Last updated 2 hours ago
Jan 15 2008 | 1:00am ET
The $3.5 billion Fire and Police Pension Association of Colorado has begun a search for a fund of hedge funds manager to add to its existing alternative investment portfolio. The new mandate is benchmarked against the 90-day Treasury bill or LIBOR.
FPPA does not permit its fund of hedge funds managers to use leverage at the fund level and aggregate leverage of underlying funds should not exceed 2.5 times. The minimum initial funding for the mandate will be roughly $50 million.
The fund of funds shop responding to the request for proposal should have at least 36 months of “live” returns in the fund of hedge funds product. The firm should manage at least $1 billion in total assets under management and at least $300 million in assets in the specific fund of funds, which should have outperformed the 90-day T-bill or LIBOR over the trailing three-year period ending Dec. 31, 2007.
The deadline for the RFP, which can be accessed at FPPA’s Web site, is Feb. 1 at 5 p.m. Pacific time.
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...