Does loyalty lie with the lawyer or the law firm?
Big changes were afoot in the London hedge fund legal scene last week, after New York-based Akim Gump swooped on Simmons & Simmons
02/09/2010
BREAKING NEWS: Clwyd pension fund issues absolute return tenders
The $1.48bn (£960m) pension fund for Flintshire County Council has issued two tenders for absolute return pooled vehicles today.
The Clwyd Pension Fund, which currently allocates 5% of its investment portfolio to two funds of hedge fund managers, is looking to add a further 6% to one or more multi-asset investment funds and will consider “dynamic asset allocation, global macro and macro fund of funds products or appropriate absolute return strategies,” as part of the mandate.
The fund is also preparing to invest £45m (5% of the portfolio) into unconstrained global equity, which could be “any form of high alpha product (index or absolute return-based) including special situations, long-short etc”, according to the tender.
Clwyd currently invests in FoHF firms Liongate and SSARIS, which were selected to replace the funds previous FoHF managers Blackrock and Pioneer earlier this year.
- Share
-
Text Size
Decrease text size
Increase text size
Editor's view: 8 February 2012
Speculative moves, a perceived landgrab and a potential bidding war in the hedge fund sector have all opened up in recent weeks
Comment: Julian Korek
"Advisers need to be analysing key considerations and determining where they fall in the spectrum of SEC registration; no easy task given the scope of the legislation"
Investor demand for CTAs is on the rise, says Agecroft Partners
Agecroft Partners is seeing widespread demand from institutional investors for Commodity Trading Advisors (CTAs), which is a dramatic change from the historical reluctance of many institutional investors and their consultants to allocate to this strategy.
Read More29/02/2012
UK: Open Protocol: The Challenge and Opportunities of Standardising Hedge Fund Risk Reporting
Join us and our panel of experts for HFMWeek's Subscribers' Club February's UK breakfast briefing…
29/02/2012
US: Endowments and Foundations in Hedge Funds
The next US HFMWeek Subscribers' Club breakfast, will take place on Wednesday February 29. Join…
02/02/2011
European Hedge Fund Services Awards 2012
HFMWeek's European Hedge Fund Services Awards are designed to recognise companies that have outperformed...
Be the first to comment on this article!