Saturday, 29 November 2014
Last updated 19 hours ago
Dec 1 2008 | 12:29pm ET
The Board of Trustees of the $1.4 billion Louisiana Municipal Police Employees’ Retirement is nearing the end of its search for a hedge fund of funds shop.
The plan’s Board interviewed six finalists at its Nov. 12 but has not picked a manager yet, according to Kathy Bourque, director. The finalists include: Cadogan Management; Union Bancaire Privee Asset Management; Blackstone Alternative Asset Management; Evanston Capital; Permal Group; and Entrust Capital.
Bourque added that she is not sure when the plan will make its final selection.
The plan’s mandate calls for a multi-strategy hedge fund of funds shop to manage a $70 million to $100 million ERISA institutional mandate.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...