Comment: Chris Sullivan
The hedge fund industry has always had a bit of a schizophrenic relationship with the media, particularly here in the US
02/02/2012
Cook County makes first hedge fund investment
The $7.6bn County Employees’ and Officers’ Annuity & Benefit Fund of Cook County, Illinois, has hired three funds of hedge funds, marking the pension’s first steps into the hedge fund arena, HFMWeek can exclusively reveal.
Blackstone Alternative Asset Management, Diversified Global Asset Management and The Rock Creek Group are to be allocated around 9% of the total fund and Blackstone has also won a roughly $16m mandate from the $176m Forest Preserve District pension, which is also managed by the Cook County board of trustees.
Last year, the board of trustees approved an increase in the Cook County pension fund’s absolute return target from 5% to 9%, CIO Nickol Hackett confirmed to HFMWeek at the time.
The change came as a result of an asset allocation study conducted by the fund’s investment consultant, Callan Associates.
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Mayfair allure remains strong for London funds
Mayfair’s position as the undisputed heartland of London’s hedge fund community was called into question last month
Editor's letter: 16 May 2012
The pressure cooker purred in January and February, squealed in March and April, and, this week, finally blew a gasket
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