Thursday, 24 July 2014
Last updated 3 hours ago
Aug 13 2008 | 10:39am ET
The $13 billion Montana Board of Investments has issued a request for proposal for fund of hedge funds managers through separately-managed accounts or commingled fund of funds.
To be considered for the mandate, firms must be registered with the Securities and Exchange Commission, have at least $3.5 billion of assets under management in actively-managed, multi-manager hedge fund through separately-managed accounts or a commingled fund of hedge funds, and have a five-year track record.
In February, funds of hedge funds Grosvenor Capital Management and Blackrock Alternative Advisors gave a presentation to the board, drawing praise for the asset class from a few board members and prompting others to call for a cautious, deliberate approach.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…