Friday, 24 October 2014
Last updated 16 hours ago
Mar 31 2006 | 12:00am ET
The $209 billion California Public Employees Retirement System may create an emerging hedge funds program in the next six to nine months, according to a portfolio manager at the fund. Kurt Silberstein, portfolio manager for Absolute Return Strategies at CalPERS, attending the GAIM Asia 2006 conference on alternative investments in Hong Kong, told Dow Jones Newswires that the program would invest in startup hedge funds worldwide.
“Studies show the best performance comes from the younger hedge funds, those between one to three years old, usually below $500 million,” he told the news agency. “The idea is to capture that performance by investing in those funds at an early state in their cycle.” Clark McKinley, spokesman for the plan, said he was aware of the article but could not provide confirmation on the comments or any additional information.
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…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...