Saturday, 20 December 2014
Last updated 1 day ago
Aug 20 2008 | 9:08am ET
The Massachusetts Pension Reserves Investment Management Board has made $540 million in allocations to three portable alpha fund of hedge funds managers as part of a strategic shift.
The plan hired Blackstone Alternative Asset Management to run $200 million, and allocated $170 million each to Austin Capital and EIM. The new portable alpha money comes from its domestic equity program.
MassPRIM fired five domestic equity managers, which had run $1.8 billion for the pension, earlier this month. It also terminated Bridgewater Associates, which had managed a $591 million global inflation-linked bond portfolio. MassPRIM denied two Bridgewater requests, one to adopt a pure alpha strategy for the portfolio, and another to wind down the portfolio over a 12-month period.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.