Articles and Video on Hedge Funds
Florida State Board puts $300 million in J.P. Morgan hedge fund of funds
trueFlorida State Board of Administration committed $300 million to Elan Fund, a hedge fund of funds managed by J.P. Morgan Alternative Asset Management.
Brevan Howard, DW part with smile
trueIn an industry infamous for furious rifts, bruised egos, messy business divorces and vicious litigation, the partnership between Brevan Howard Capital Management LP and its protege, DW Partners LP, is one of the few to end amicably.
Carlyle Group's carried interest fund valuations have tepid end to 2014
trueCarlyle Group’s preliminary valuations of the funds from which it earns carried interest increased 1% in the quarter and rose 15% in the year ended Dec. 31, down from an increase of 3% in the third quarter of 2014 and an increase of 19% for the 12 months ended Sept. 30.
Dutch pension fund giant PFZW eliminates hedge fund portfolio
trueDutch pension fund Pensioenfonds Zorg en Welzijn eliminated its $5 billion hedge fund portfolio over the past year.
Citadel's head of global equities leaves firm
trueBrandon Haley, head of global equities at Ken Griffin's Citadel, left after nine years at the hedge fund firm.
Vermont picks GAM USA for unconstrained bonds, terminates 2 hedge funds of funds
trueVermont Pension Investment Committee hired GAM USA to manage a $260 million unconstrained fixed-income portfolio for the $4 billion Vermont State Retirement Systems.
DW Partners takes over full management of 2 Brevan Howard hedge fund strategies
trueDW Partners assumed full management of two hedge fund strategies with aggregate assets of about $5.7 billion from Brevan Howard Capital Management on Jan. 1.
Smart money, crowded trades?
trueIn a multimanager portfolio, duplicate positions are not uncommon and are, perhaps, inevitable. The sources of such overlap are far from clear. How does an investor measure and manage this “risk”?
Oklahoma Firefighters narrows search for hedge fund-of-funds or GTAA manager
trueOklahoma Firefighters Pension & Retirement System named four finalists in its search for a hedge fund-of-funds and/or global tactical asset allocation manager.
BlackRock, Macquarie, Millennium alums to start Asia quant hedge fund
trueFormer employees from BlackRock, Macquarie Group and Millennium Capital Management are planning a Hong Kong-based hedge fund that will use computer models to spot trading opportunities in 13 Asian stock markets.
trueActivist hedge fund assets have grown at a rapid pace, likely driven by the attractive return profile.
Big public pension funds' hedge fund portfolios outperform their indexes
trueBucking persistent criticism of hedge fund returns coming from many quarters this year, chief investment officers of big state pension funds were able to report strong returns for their hedge fund portfolios.
Texas Employees beefs up hedge fund portfolio
trueTexas Employees Retirement System, Austin, came close to meeting the 5% target allocation to its dedicated hedge fund portfolio.
Highland Capital wins $40 million award in Credit Suisse case
trueHighland Capital Management won a $40 million jury award after successfully arguing Credit Suisse AG duped the debt manager into refinancing a shaky real estate development.
Banks get two more years to divest private equity, hedge funds under Volcker rule
trueBanks will have two more years to divest themselves of private equity and hedge funds to comply with a Dodd-Frank Wall Street Reform and Consumer Protection Act provision known as the Volcker rule.