Mon, Jan 23, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

MassPRIM to move some of $5.6bn hedge fund portfolios into managed accounts

Thursday, June 19, 2014

Komfie Manalo, Opalesque Asia:

The $59bn Massachusetts Pension Reserves Investment Management Board (MassPRIM) wants to move some of its $5.6bn hedge funds portfolios into separately managed accounts as it also studies its option whether to invest in other strategies that mimic hedge fund returns at a lower cost.

MassPRIM currently allocates at least 9.5% or $5.6bn of its $59bn assets into some of the biggest hedge funds, including Larry Robbins, William Ackman, Paul Singer, Daniel Och and Andreas Halvorsen.

However, MassPRIM has been pulling back some of its hedge funds allocations, joining a growing trend amongst institutional investors, said Reuters. In December 2012, the pension terminated BlackRock from a nearly $1.1bn active core domestic fixed-income portfolio.

Michael Trotsky, a former hedge fund manager and is currently executive director at MassPRIM said, "That's the next frontier and we might be at the forefront of it. It will give us full transparency and the ability to better control the assets."

Trotsky explained the pension is looking at allocating to hedge fund replication strategies that mimic their returns but charge less fees. Hedge funds traditionally charge 2% management f......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Investing - This hedge fund made 37% betting on banks in 2016 and remains bullish after the Trump rally, Hedge fund legend David Einhorn is making a big bet on GM, After impressive 85% return in 2016, hedge fund looks to Canadian gold producer, small banks[more]

    This hedge fund made 37% betting on banks in 2016 and remains bullish after the Trump rally From Forbes.com: Can bank stocks continue to rise after a 28% surge in the KBW Bank Index in 2016, fueled by a post-election rally as stock pickers returned to the beaten down sector? Forget the s

  2. SWFs - China sovereign wealth fund CIC plans more U.S. investments[more]

    From Reuters.com: China Investment Corporation (CIC), the country's sovereign wealth fund, is looking to raise alternative investments in the United States due to low returns in public markets, its chairman said on Monday. CIC will boost its investments in private equity and hedge funds as wel

  3. Some hedge funds strong start in 2017 nice contrast to 2016[more]

    With the 2016 HSBC Hedge Weekly performance rankings in the books - a year in which the same leader-board entries pretty much dominated unchallenged throughout the year - comes a new leader board that is a hard-scrabble mix of hedge fund styles and categories. What is clear after but a few short wee

  4. Macro hedge funds and CTAs outperform in December on strong dollar[more]

    Komfie Manalo, Opalesque Asia: The last month of 2016 saw risk assets climbing higher, as part of expectations that the new U.S. administration will remove barriers to growth and investment, Lyxor Asset Management said. December also saw the Fed hik

  5. Opalesque Exclusive: Roxbury credit events UCITS gathers more assets[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: The Roxbury Credit Events Fund, launched in September 2015, was up 4.24% in 2016, having returned seven positive months during the year. The managers raised