CalPERS divests entire hedge fund program... [more]Bailey McCann, Opalesque New York: CalPERS, the largest pension system in the US, announced today that it will divest its entire $4 billion hedge fund program. The pension said the program was too expensive and too complex to effectively move the needle for an already large portfolio. The staff r
Sanditon eyes November launch for Russell’s long/short fund... [more]From Investmentweek.co.uk: Newly-founded fund group Sanditon Asset Management plans to launch a UK long/short fund for Tim Russell as early as November. Following a week which saw speculation grow that former Cazenove colleague Julie Dean may join the group after leaving Schroders, Sanditon told Inv
Credit Suisse Hedge Fund index was up 0.88% in August (+3.42% YTD)... [more]The Credit Suisse Hedge Fund index was up 3.42% in the first eight months of the year, according to the firm's latest performance summary. The overall index rose 0.88% in the month of August, after falling 0.31% in July.
Event-driven funds lead all substrategies in the index, up 5.25%, driven
Chinese institutions eyeing knowledge transfer... [more]From Asianinvestor.net: Growing experience among Chinese institutions in alternative investing is driving increased internal sophistication as part of the knowledge transfer process, an AsianInvestor forum heard.
Domestic investors are seeking to learn more about the underlying drivers of retu
Comment - Capitalising on the surge in hedge fund start-ups... [more]From Cooconnect.com: “There seems to be no end to hedge fund start-ups,” says Simon Monson. “And those who have been stuck at the $20 million assets under management (AuM) level for many years appear now to be on the move.” Monson is sales director at Linear Investments, a London-based investment ho
Service Providers - Einhorn reinsurer hires Adair, Dunigan for underwriting... [more]From Mynextfone.co.uk: Greenlight Capital Re Ltd., the insurer that counts hedge fund manager David Einhorn as chairman, hired Tim Adair and Cliff Dunigan as the company seeks to counter an underwriting slump.
Adair joins from Guy Carpenter, the reinsurance brokerage at Marsh & McLennan Cos.,
…And Finally - Nightshifts take toll on burglar... [more]From Orange.co.uk: A suspected burglar faces charges after being found asleep next to a bag of stolen jewellery in a stranger's home.
Dion Davis, 29, was found sprawled out on the bed after allegedly breaking into the property in Nokomis, Florida.
According to the Sarasota County Sheriff