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Texas Teachers shift hedge fund allocation to 'true' absolute return strategies
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PROFILE: HFMWeek speaks to Lee Partridge, managing director for Strategic Research and Risk Management at Texas, which has $111bn in assets,about developments in its hedge fund strategy.
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14 May
Argo to separate from ACMH and trade as an independent company
Absolute Capital Management Holdings (ACMH) plans to demerge its Argo business, which it acquired in February 2007. The move comes eight months after the departure of ACMH’s CIO, Florian Homm.
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14 May
Nebraska pension drops Arden
The City of Lincoln Police and Fire Pension Fund in Nebraska, which has $9.8m invested in single manager hedge funds and $9.3m in fund of hedge funds, is liquidating its investment in Arden Asset Management.
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14 May
SEC subpoenas former D.B. Zwirn investors
As many as 20 former investors in D.B. Zwirn & Co’s hedge fund have received subpoenas from the US Securities and Exchange Commission, which is seeking details of the firm’s communications with its clients about improper accounting and other matters.
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14 May
Prime Brokers still raking it in from HFs
Despite the ongoing credit crunch and other market difficulties affecting hedge funds, prime brokers are still on track to generate significant revenues from their hedge fund clients this year, to the tune of over $11bn.
Best Practices Make Perfect?
The President’s Working Group Committees on hedge funds have finally released their recommended industry guidelines. The question is, will anyone in the hedge fund industry follow them? By M. Corey Goldman
Here come the hybrids
Hedge fund and private equity hybrids, that is, which a growing number of hedge funds are increasingly looking to cherry pick from as a way to potentially get themselves out of a hole. By Zaki Abushal.
Feast or Famine?
Is the mushrooming of agriculture commodities prices a short-term bubble or a long-term trend? Hedge funds are eyeing the asset class with both awe and growing scepticism. By M. Corey Goldman
Raising the First Amendment Flag
The demise of venerable 85-year-old Bear Stearns has the financial world talking of what -- and more importantly who -- may be next to bite the bullet. Nothing – and no one – is being ruled out. By HFMWeek staff.
