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Barington Capital Group hires head of marketing
trueMarjorie Kaufman joined activist hedge fund manager Barington Capital Group as partner and head of marketing, Ms. Kaufman said in an e-mail.
Black River Asset Management to split into three employee-owned companies
trueBlack River Asset Management is splitting itself into three employee-owned investment boutiques.
MiFID II proposals would bring equity trading rules to other asset classes
trueThe European Union’s market regulator proposed new regulations that would apply equity trading templates to other asset classes and put limits on the use of dark pools.
What will it take to revive the bull market?
trueIn the past few days, I’m being asked more frequently: “What will it take to revive the bull market?” Monday’s decline was the fifth consecutive daily drop. The S&P 500 may very well retest its Aug. 25 correction low, which was 12.4% below the record high on May 21. The recent low nearly matched ...
Kansas Public Employees commits $300 million to real estate, private equity
trueKansas Public Employees Retirement System, Topeka, committed up to $300 million total to three alternatives funds.
Claren Road co-CIO to retire at end of the year
trueJohn Eckerson, co-founder and co-chief investment officer of hedge fund manager Claren Road Asset Management, will retire at the end of the year.
Genstar, Aquiline to acquire Ascensus
truePrivate equity firms Genstar Capital and Aquiline Capital Partners announced Monday they had entered into a definitive agreement to purchase Ascensus, a defined contribution record keeper and administrator of 529 college savings plans.
Canadian pension fund sues Saba Capital
truePublic Sector Pension Investment Board, Montreal, filed a lawsuit in New York State Supreme Court against hedge fund firm Saba Capital Management, accusing it of falsifying the value of bond holdings before the C$112 billion ($84.7 billion) pension fund sought to redeem a $500 million investment.
KSL Capital Partners raises $2.68 billion for fourth fund
trueKSL Capital Partners closed its latest fund, KSL Capital Partners IV, with total commitments of $2.68 billion.
Average position overlap among hedge funds steady around 1.1%
trueThe average (long) position overlap in the hedge fund industry was about 1.1% in the second quarter of 2015, according to a report released Monday by research firm Symmetric. The average over the past 10 years is 1.2%.
Accel-KKR Capital Partners V closes at $1.3 billion
trueAccel-KKR closed its fifth buyout fund, Accel-KKR Capital Partners V, at $1.3 billion, the money manager announced in a news release Monday.
New York State Common earmarks $1.3 billion for 10 funds
trueNew York State Common Retirement Fund made 10 new commitments totaling about $1.3 billion.
Orange County Employees places $100 million with Kayne Anderson, takes PIMCO off watch
trueOrange County Employees Retirement System committed $100 million to Kayne Anderson Capital Advisors for midstream energy investments, pending final due diligence and contract negotiations.
Iowa Municipal Fire & Police commits to real estate fund
trueIowa Municipal Fire & Police Retirement System committed $25 million to Long Wharf Real Estate Partners V.
Boeing private equity director joins Wespath Investment Management
trueMark Warren left Boeing Co. as director of private equity to join Wespath Investment Management, the investments division of the Glenview, Ill.-based $21 billion General Board of Pension and Health Benefits of The United Methodist Church.