Articles and Video on Hedge Funds
Alameda County Employees powers up Lighthouse for customized hedge fund of funds
trueAlameda County Employees' Retirement Association hired Lighthouse Investment Partners to run a $100 million hedge fund-of-funds portfolio.
Finisterre chooses head of credit research
trueChristopher Buck joined emerging markets hedge fund manager Finisterre Capital as head of credit research.
Analysis: New York State Common equity hedge fund managers exhibit above average stock selection skill
trueAn analysis of public holdings shows that overall, equity hedge fund managers in the New York State Common Retirement Fund's absolute-return strategy exhibit “above average” skill as stock pickers, but are outside the top 25th percentile of the fund universe as a whole.
Neuberger Berman acquires Orchard Square hedge fund
trueNeuberger Berman has agreed to acquire Orchard Square Partners, a global long-short credit hedge fund with about $475 million in assets.
Tulare County ponders options on increasing hedge fund allocation
trueTulare County Employees’ Retirement Association, Visalia, Calif., is exploring ways to bring its hedge fund allocation closer to its 5% target.
Portfolio choices doomed CalPERS' hedge fund program
trueCalPERS officials made ineffective portfolio construction choices for a dozen years before throwing in the towel on hedge funds, sources say.
Canada offers lessons for CalPERS, other U.S. funds
trueI was a member of a task force created in the late 1980s by the government of Ontario to recommend how the province's public-sector pension plans might be restructured for better performance.
Too complex for CalPERS
trueCalPERS' decision on Sept. 15 to close its $4 billion hedge fund program will lead to a lot of re-examination of the investment strategy by other asset owners.
BlueCrest spins off BlueTrend fund into own firm
trueBlueCrest Capital Management is spinning off its computer-driven hedge funds into a separate investment firm, just weeks after saying it would cut its management fees as assets drop.
Oklahoma Firefighters seeks GTAA, hedge fund-of-funds managers
trueOklahoma Firefighters Pension & Retirement System is searching for a hedge fund-of-funds manager and a global tactical asset allocation manager to run $50 million each.
Harvard's absolute-return program posts highest outperformance among its asset classes over 5 years
trueHarvard University's absolute-return program outperformed it benchmark by 3.9 percentage points annually over the five-year period ended June 30, topping all other asset classes.
Harvard endowment returns 15.4% for fiscal year
trueHarvard University's endowment posted a 15.4% return and was valued at $36.4 billion for the fiscal year ended June 30. The return was 82 basis points higher than the 14.6% return of the benchmark policy portfolio.
Ann Arbor Employees invests in 2 hedge funds, terminates Thornburg
trueAnn Arbor (Mich.) Employees’ Retirement System invested $9.4 million with 36 South Capital Advisors and $2.8 million with Och-Ziff Capital Management Group in hedge fund strategies managed by each firm.
Texas TRS directional hedge funds generate highest alpha in fund's external markets portfolio
trueIn the three-year period ended June 30, directional hedge funds generated annualized alpha of 4.6 percentage points – the highest of any portfolio in the Teacher Retirement System of Texas' external public markets program. Directional hedge funds generated one-year alpha of as of June 30 of 5.5 ...
Employee group wants North Carolina out of hedge funds
trueThe State Employees Association of North Carolina wants state Treasurer Janet Cowell to follow CalPERS’ lead and get out of hedge funds.