Articles and Video on Hedge Funds
Austin Police Retirement collars Permal Group for hedge fund of funds
trueAustin (Texas) Police Retirement System hired Permal Group to manage $31 million in a hedge fund-of-funds fixed-income strategy.
Aviva to exit hedge funds-of-funds business as it shrinks U.S. operations
trueAviva PLC, Britain's second-biggest insurer, said its investment arm plans to exit its hedge funds-of-funds businesses as it scales back in the U.S.
The star system is still shining at hedge funds
trueWilliam H. Gross might be the last of the true superstar managers at traditional investment management shops, but star power still is very marketable in the hedge fund industry.
New York City promotes 2 to head of private equity, hedge funds
trueAlex Done and Neil Messing were named head of private equity and head of hedge funds, respectively, at the bureau of asset management in the office of New York City Comptroller Scott Stringer, said Eric Sumberg, Mr. Stringer's spokesman.
BlueBay shuts macro hedge fund as portfolio manager leaves to start own venture
trueBlueBay Asset Management is closing its $1.4 billion macro hedge fund after a senior portfolio manager left the London-based firm to start his own venture.
Columbia joins Blackstone in retail hedge fund initiative
trueColumbia Management, which oversees more than $350 billion, is joining with Blackstone Group to increase retail investors' access to hedge fund strategies.
University of Houston chooses long/short, buyout funds
trueUniversity of Houston System invested $10 million in Proxima Capital Master Fund, a long/short equity hedge fund managed by Proxima Capital Management, for its $592 million endowment.
Top purchases and sales in Q3 among top 10 hedge funds by equity holdings
trueAbbVie Inc. and Actavis PLC were the top two buys among the top 10 pure-play hedge funds ranked by equity asset holdings during the third quarter, according to data from S&P Capital IQ.
SSgA sells off majority stake in SSARIS Advisors
trueState Street Global Advisors will sell its majority ownership stake in hedge fund-of-funds manager SSARIS Advisors back to the firm's senior management team.
Horizon Cash Management to close
trueHorizon Cash Management, a cash manager for alternative investment funds, is closing effective Nov. 25.
Asia-focused hedge fund assets up 4.6% YTD through Sept. 30
trueEstimated assets of Asia-focused hedge funds are up 4.6% year-to-date through Sept. 30 to $117.4 billion, according to an HFR report released Thursday.
Colorado Fire & Police picks Prudential for unconstrained bonds
trueColorado Fire & Police Pension Association hired Prudential Investment Management to run $155 million in unconstrained fixed income.
Hedge fund portfolio managers' compensation expected to rise 8% — report
truePortfolio managers at hedge fund companies managing more than $4 billion can expect an 8% rise in total 2014 compensation — base salary plus performance bonus — compared to 2013, estimated Glocap Search, a money management recruiter.
Highland Capital appoints business development managing director
trueFelicia Smith joined credit specialist Highland Capital Management as managing director, business development.
San Francisco pension fund likely to stay out of hedge fund deep end
trueThe board of the $20 billion San Francisco City & County Employees' Retirement System is expected in the next several weeks to reject Chief Investment Officer William Coaker's plan for a 15% allocation to hedge funds and instead reduce the allocation to no more than 5%, sources say.