CalSTRs on the hunt for hedge fund advisor... [more]Bailey McCann, Opalesque New York: The California State Teachers' Retirement System (CalSTRS) is on the hunt for a new hedge fund advisor.
According to the RFP, CalSTRS is seeking an advisor to provide expertise on hedge fund investments via managed accounts whenever possible. In the pas
Aberdeen acquires Arden... [more]Bailey McCann, Opalesque New York: Aberdeen Asset Management Inc has entered into an agreement to acquire Arden Asset Management LLC, a provider of hedge fund solutions with offices in New York and London.
This acquisition is in line with Aberdeen's strategy to strengthen and grow its glo
Soros' CIO to start own hedge fund with $2 billion... [more]From Reuters.com: Scott Bessent, who has been overseeing George Soros' $30 billion fortune for the last four years and whom some consider Soros' protege, will leave at the end of 2015 to start his own hedge-fund firm. Bessent is forming Key Square Group with a $2 billion investment from Soros, accor
Institutions - OCERS sets plan to exit euro currency hedge... [more]From PIonline.com: Orange County Employees Retirement System, Santa Ana, Calif., adopted a strategy to exit its euro currency hedge, said Robert Kinsler, spokesman for the $12.6 billion pension fund, in an e-mail.
On Dec. 4, OCERS entered a short euro futures position of about $200 million at
News Briefs - Menaced by hedge funds, Argentina bonds now sunk by peso gambit... [more]Argentina's latest move to arrest the peso's collapse is only making things worse for bond investors. Speculation is mounting that the government has enlisted its social-security agency to sell holdings of government dollar bonds and use the greenbacks to prop up the exchange rate. That's a problem
…And Finally - Sex with robots to be 'the norm' in 50 years, expert claims... [more]From Mirror.co.uk: Humans could soon be having sexual relationships with robots, a top academic has claimed.
Dr Helen Driscoll said advances in technology mean the way in which humans interact with robots is set to change drastically in the coming years.
Dr Driscoll, a leading authority