Recent Jobs
Cincinnati’s L/S Portfolio Takes A Hit
November 19, 2008
The market downturn is playing havoc with pension funds’ portfolios as well as those of hedge funds.
The City of Cincinnati Retirement System said its portfolio decreased by $247 million in the third quarter bringing its total size down to $2.1 billion.
The plan’ investment in the ABS Alpha long/short equity fund lost 12% for the quarter, and its Common Sense long/short equity portfolio lost 11%. All told, the fund shed 8.7% on the quarter and 15.2% over the trailing 12 months.
The plan’s total portfolio was 19.5% invested in fixed-income, 46.2% in domestic equities, 17.1% in international equities, 7.7% in real estate, 3% in private equity, 5.5% in long/short equity, 0.9% in infrastructure and 0.1% in cash.
Print This
Send This
ReprintsMore News
- Merkin Barred From Liquidating Madoff Feeder Funds
- Former Prudential Rep Fined For Market Timing
- C.P. Eaton Adds To Shanghai Team
- Quality Is Key For Hedge Fund Operations
- Rival Cap Launches Feeder Fund
- No ‘Value’ In Van Biema’s Multi-Strat Hedge Funds
- Citadel Funds Fell By Half Last Year
- Millennium Names Independent Administrator
- Vitol Cuts Ties With Hedge Fund Trader
- Marathon Promotes Five To Partnership
- Mass. PRIM Seeks Funds Of Hedge Funds Consultant
- Credit Suisse Nets ‘AIR’ In December
- Bermuda Reinsurer Trims Hedge Fund Portfolio After Losses
- Seismic Changes Underway For Current HF Model
- Fortress Wont Pay Dividends For Q4
Upcoming Events
This Week's Most Viewed
Guest Contributor
Quality Is Key For Hedge Fund Operations
By Marshall Saffer -- The past year has been a difficult one for hedge funds. Market conditions, regulatory emergency orders and volatility all affected the ability of funds to develop and maintain strategies that made for consistent performance. More...
- A Run On Hedge Funds: Redemption Strategies And Responses
- Offshore Research Gains Momentum With Hedge Funds
- Heeding The Lessons of The Madoff Scandal
More guest contributors
Cleantech Corner
Federal Gas Tax Would Lead To Myriad Benefits
By Pamela Schwab and Christina Erickson -- Two weeks out from the inauguration of President-elect Barack Obama, the buzz is building on what tools will shape the Obama administration’s economic stimulus plan. More...
- London Shop Preps Carbon Hedge Fund
- Investments For An Obama Administration
- Energy Efficiency Is The True Alternative Energy
More Cleantech
In Depth
Roundtable Sheds Light On ‘Secretive’ Industry
Not many people can get away with interrupting legendary investor Carl Icahn in the middle of a speech, but the corporate raider’s fierce reputation did not dissuade Stanley Goldstein. More...
- McNally: Recession Is Best Time To Invest
- Quant Hedge Funds Rise In Falling Markets
- Half of Hedge Funds Will Not Survive
More features