Big Easy Hires 14 Hedge Funds

Mar 10 2006 | 1:00am ET

The $397 million New Orleans Employees Retirement System has hired 14 hedge fund managers to handle a total of $10.75 million.

Jerry Davis, chairman, said the plan decided to directly invest with 14 managers to test various strategies and would likely invest further with managers in strategies that perform well. He declined to name the managers while he is in contract negotiations.


In Depth

Q&A: Star Mountain's Brett Hickey On Investing In 'The Growth Engine Of America'

Sep 22 2017 | 5:06pm ET

Lower middle-market companies form the economic fabric of the nation, but they can...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Don’t Overlook These 6 Hybrid Cloud Concerns

Sep 14 2017 | 6:27pm ET

Cloud-based technology solutions have made tremendous inroads into the alternative...

 

From the current issue of

Business Insider has been reporting on the unusual trading activity of a mystery trader who placed a profitable short equity bet to the tune of $21 million on the Aug. 10 move in the CBOE Volatility Index (VIX).