Canada pension plan invests in emerging quantitative hedge fund

The Canada Pension Plan Investment Board (CPPIB) has invested money with Engineers Gate, a New York-based quantitative hedge fund founded in 2014, that was to be seeded by Glenn Dubin's family office in March last year. CPPIB has approximately 60 external fund managers. Reuters says the size of the investment wasn't clear. As of June, Engineers Gate had invested a total of $645.7m, including borrowed funds, according to public filings. Update: Chris Rokos attracts $500 million from Blackstone

There are many ongoing media reports about Chris Rokos, former manager at Brevan Howard Asset Management. Apparently, he has raised more than $500m from Blackstone Group for his new hedge fund firm, according to Bloomberg. Rokos, who started London-based Rokos Capital Management recently, now manages more than $1bn, including about $500m from his pocket.His fund bets on macro-economic trends across assets such as stocks, bonds and currencies. He is looking to grow it to $3bn. Nasdaq reported a few days later that Rokos had tapped Deutsche Bank AG and Bank of America Corp. as the main brokers for his new hedge fund.Also, Rokoswas reportedly among the biggest donors to the U.K.'s Cons......................

To view our full article please login

This article was published in Opalesque's New Managers a top-down monthly analysis, news and research publication on the global emerging manager space.