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In the week ending 11 March, 2016, Florida’s State Board of Administration has said that its hedge fund investments produced a handsome profit for the pension fund. For the three years that ended Nov. 30, Florida made an average annual return of 9.6 percent on its hedge fund investments after expenses, outpacing the pension plan’s overall annual return of 8.9 percent.

While a study by Preqin has found that institutional investors will continue to press for further reduction in both management and performance fees in 2016, Ash Williams, executive director and chief investment officer at Florida’s State Board of Administration said to the Palm Beach Post the fees they pay to hedge funds would be “comfortably below 2 and 20”.

Other reports said that British pension funds are splashing out on alternative investments such as hedge funds, private equity and infrastructure; hedge funds-of-funds managers are experiencing a modest renaissance; a few midsize endowments and foundations are taking advantage of active management; the University of Texas Investment Management Co., is increasing stakes in private equity and venture capital funds; the Rhode Island state pension has not grown under Gov. Raimondo and Seth Magaziner; the University of California’s endowment plans to pull money from the worst-performing managers and redirect assets to top firms; and Japan’s GPIF wants to build relationships with local and global professional investors based on trust.

Michael Wegener has launched the Case Equity Partners Opportunities Fund as M&A activity peaks; former JAT Capital partner Chris Connor has launched his own fund, Ardmore Global Investors; Social Finance has opened ......................

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