Friday, 19 December 2014
Last updated 10 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.
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.