Articles and Video on Hedge Funds
Illinois puts $1.1 billion to work right away
trueTeachers' Retirement System of the State of Illinois, Springfield, kicked off its 2015 fiscal year with investments and commitments totaling $1.1 billion and set the stage to tactically deploy at least another $1 billion with real estate and hedge fund managers.
BlackRock powers up a hedge fund unit
trueBlackRock Inc., the world's largest money manager, is creating a hedge fund boutique within its vast investment management empire.
eVestment: Number of reporting hedge funds down 9.2% in 2013
trueThe number of hedge funds and hedge funds of funds that report their assets and performance to one or more databases declined to 11,321 funds in 2013, down 9.2% from the previous year.
Illinois Teachers maps out 2015 real estate, hedge fund deployments
trueIllinois Teachers' Retirement System plans to deploy a total of at least $1 billion with real estate and hedge fund managers in the fiscal year ending June 30, 2015.
Blackstone said to be in talks to back new distressed fund
trueBlackstone Group is in talks to back a Hong Kong-based distressed fund started by Jason Brown, a former global head of Goldman Sachs Group special situations group, said two people with knowledge of the matter.
Austin Police Retirement System narrows hedge fund-of-funds search
trueAustin (Texas) Police Retirement System is considering four managers to run $30 million in a hedge fund-of-funds strategy, said Sampson Jordan, CEO of the $622 million pension fund, in an e-mail.
Texas Employees sets 2015 tactical plan for alternatives
trueTexas Employees Retirement System will invest in up to four new hedge funds in the next fiscal year, which begins Sept. 1.
UTIMCO fine tunes asset allocation for fiscal 2015
trueUniversity of Texas Investment Management Co. officials proposed new asset allocation targets for the fiscal year ending Aug. 31, 2015, for the $25 billion the Austin-based firm manages in endowment funds for the University of Texas System and Texas A&M.
Northern Trust hires 2 for hedge funds-of-funds unit
trueTristan Thomas and Greg Jones joined the hedge funds-of-funds unit of Northern Trust Asset Management.
Hedge fund investing strong in 2014
trueAs institutional investment in hedge funds matures, most investors have been busy starting, growing, optimizing and fine-tuning their hedge fund portfolios.
Ackman targets IPO for closed-end Pershing Square fund later in 2014
trueBill Ackman, the activist hedge fund manager, said his firm, Pershing Square Capital Management, is targeting an initial public offering of a closed-end fund this year to give him more power to invest for the longer term.
Lombard Odier picks former BlackRock fiduciary management exec to target U.S. pension plans
trueNancy Everett was hired at Lombard Odier Investment Managers to help build business from U.S. institutional money managers such as pension funds.
HFR indexes fall in July -- emerging markets the lone exception
trueThe HFRI Fund Weighted Composite index fell 0.62% in July, compared to a 2% drop in the Russell 3000, a 0.9% fall in the MSCI ACWI ex-U.S. and -0.2% return for the Barclays Intermediate U.S. Government/Credit index.
Nomura Asset Management announces alliance with hedge fund incubation firm
trueNomura Asset Management on Wednesday announced an alliance with Bridge Capital Asset Management Co., a Tokyo-based hedge fund incubation firm.
West Virginia invests $90 million in 2 hedge funds
trueWest Virginia Investment Management Board, Charleston, invested $90 million with two hedge funds.