Regulatory load mounts for European managers
Late last week in London, the current state of hedge fund industry regulation was ably summarised by panellists at The IMS Group Regulatory Forum
17/02/2010
New Mexico allocates to Goldentree CLO fund
The New Mexico Educational Retirement Board (ERB) allocated $50m to a collateralised loan obligation (CLO) fund managed by Goldentree Asset Management, at the end of 2009.
ERB, which so far has almost 7% of its portfolio allocated to absolute return, made the investment with the manager in a separate account. ERB has a 10% allocation to hedge funds which is yet to be fully funded, and according to a fiduciary review by Ennis Knupp issued early last month, ERB’s alternatives allocations are expected to be funded over the next few years.
As at 30 September 2009, ERB had $540m invested across six hedge fund strategies: Austin Capital Safe Harbour Fund, Benchmark Plus, Deutsche Topiary Fund, Gottex Market Neutral Fund, Gottex Market Neutral Plus and the Tag Relative Offshore Fund.
In addition, ERB has a 5% ($390m) allocation to Global Tactical Asset Allocation investment strategy, which is managed by Bridgewater. The portfolio is split, with 60% invested in Bridgewater All Weather Fund and 40% in Bridgewater Pure Alpha.
Goldentree manages $10.9bn in assets, including $5.4bn in absolute return and $3.2bn in CLOs.
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Editor's view: 1 February 2012
It’s well known that our industry likes to be viewed as on-trend, an early adopter, and generally ahead of the curve
Comment: William Keunen
"The administration function will continue to expand its horizons to meet the demands of the increasingly complex environment"
The institutional outlook
A recent survey of institutional hedge fund allocators gives insight into current and future allocations
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US: Endowments and Foundations in Hedge Funds
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European Hedge Fund Services Awards 2012
HFMWeek's European Hedge Fund Services Awards are designed to recognise companies that have outperformed...
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