News

Lombard Odier beats AQR for Baltimore City Employees’ mandate

Firm will manage BCERS’ entire 2% hedge fund allocation


Cliffwater planning multi-manager direct lending launch

Investment consultant’s offering revealed in regulatory filing

Saba Capital makes senior IR, marketing hires

Andrew Kellerman and Russell Brawer join credit shop in New York



Former Pensato IR joins CQS to lead unit trust business

Jos Trusted to start in new role at New City next month


Kentucky Retirement Systems won’t join lawsuit against FoHFs

But litigation brought by current and former employees against Baam, Paamco, Prisma and others could continue


Family office founder joins Spruce Investment Advisors

Michael Mahaffy becomes managing partner of OCIO specialist


Blackstone HF assets hit $78.7bn on back of largest inflows since 2014

Investors add $2.8bn to $450bn listed manager’s hedge fund solutions unit between January and March


AP1 eyeing ‘idiosyncratic’ managers

Structured credit, royalties, ILS among strats that could fit in revamped HF portfolio


HFs of sub-$1bn endowments underperform, BNY Mellon finds

Larger E&Fs have higher exposure to hedge funds and perform better across all assets


Wyoming to shift $500m Paamco assets to Grosvenor

Chicago FoHF to manage non-discretionary HF portfolio for $20.6bn system


Alden Global IR joins Russekoff’s Smith Cove

Marc Mendelson started at Greenwich start-up this month


Kern County Employees names San Jose’s Miller CIO

Move comes after KCERA considered OCIO model


Ipers seeks help bringing investment management in-house

$32.3bn Iowa pension may start with internal global macro team



Louisiana Firefighters delay decision on absolute return fixed income mandate

Payden & Rygel recommended by NEPC for $60m commitment


Stable Asset Management taps GSAM HF pro

Chikako Cheng-Trenkelbach joins seeder’s NY office to source managers in US and Asia


Abbey Capital launches second US mutual fund

Combines manages futures with long equity exposure


Alternative Investment Group acquiring Berens Capital

Latest pending transaction in the FoHF arena leveraging emerging market focus


NYC HF chief: Customisation trend among things ‘going wrong’

Neil Messing discusses also fees, smaller managers and preference for macro strats during San Fran conference panel