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
07/09/2010
Italian pension awards fixed income mandate to SSgA
State Street Global Advisors (SSgA) has been awarded an active fixed income mandate by Italian pension fund, Pegaso.
The ‘Fondo Previdenziale Pegaso’ which covers employees of Italian gas and electric utilities, allocated a €60m ($76.6m) mandate to SSgA, the investment management arm of State Street.
“In an industry environment that is rapidly evolving, fixed income managers need to work with investors to tailor transparent solutions that meet their specific needs such as gaining cost efficiencies, access to a wide array of broad market exposures, diversification and liquidity,” said Bill Street, co-head of the global fixed income team at SSgA, in a statement.
SSgA’s active fixed income investment strategies had $24bn in active fixed income assets worldwide as of 30 June 2010. The strategies “combine fundamental and quantitative research, benchmark analysis and risk management,” according to a statement.
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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.
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