Wednesday, 1 October 2014
Last updated 10 hours ago
Sep 11 2008 | 1:00pm ET
At least one pension fund investor just can’t get enough of credit-focused hedge funds. The $6 billion San Bernardino County (Calif.) Employees Retirement Association recently committed $150 million to credit-focused hedge funds.
San Bernardino this week committed $30 million apiece to Declaration Management & Research’s DMR Mortgage Opportunity Strategy, Stone Tower Capital’s Structured Credit Recovery Fund and York Capital Management on their York Credit Opportunities Fund.
Last month, the plan’s consultants, NEPC, and staff recommended an allocation of $30 million to the MKP Credit Fund and $30 million to Mariner Tricadia Credit Strategies Fund.
On the private equity front, the plan’s chief investment officer, Timothy Barrett, said that he has been approached by well-established firms to invest directly in companies through co-investments. He said that direct company investments, while potentially an avenue for increased returns, requires a disproportionate amount of resources for the potential value-added.
The plan currently has a 15% exposure to private equity and 7% to hedge funds.
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...