Wednesday, 26 November 2014
Last updated 9 hours ago
Apr 24 2008 | 11:35am ET
Just days after delivering a report on hedge fund regulation to U.S. Treasury Secretary Henry Paulson, Russell Read has announced his departure from the California Public Employees’ Retirement System.
Read has led the alternatives-heavy CalPERS, the largest public pension fund in the U.S. with $244 billion in assets, for two years. He is leaving to “pursue his long-standing interest” in investing in clean and green technology companies.
Read, who in spite of CalPERS’ leading role as a hedge fund investor, has been critical of the fees they charge.
The fund’s chief operating investment officer, Anne Stausboll, will succeed Read on an interim basis as chief investment officer when Read departs on June 30.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...