Tuesday, 30 September 2014
Last updated 42 min ago
Jul 2 2008 | 2:00am ET
The New Jersey State Investment Council is committing $175 million to a pair of private equity and hedge funds.
The $80 billion pension fund is committing $75 to Ironbound Partners, a $1 billion global value oriented long/short equity hedge fund. Princeton, N.J.-based Ironbound was founded by ex-Merrill Lynch portfolio manager Stephen Silverman and, since inception in August 2004, the fund has generated annualized returns of 18.77% with volatility of 10.96% through May 2008.
New Jersey is also committing $100 million to Fairview Capstone II, which is being organized as a separate account to make commitments in small and/or emerging buyout and venture capital funds. The investment is a re-up for the division after committing an initial allocation of $100 million to Fairview Capstone in 2007.
Fairview Capstone Fund II intends to invest 50% to 60% in venture capital funds, 30% to 40% in buyout funds and up to 15% in special situations.
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...