Friday, 27 November 2015
Last updated 1 day 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.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…