Cambridge Associates: Hedge funds are an important part of solution for pension fund deficits

In its just-released report, “Hedge Fund-ing the Pension Deficit,” Cambridge Associates says part of the solution for pension funds lies [Read More]
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Huberfeld and Seabrook arrested in corruption probe involving New York City’s allocation to Platinum

Norman Seabrook, president of New York City’s Correction Officers’ Benevolent Association, and Murray Huberfeld, part-owner of Platinum Partners who ran [Read More]
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Ackman’s Pershing Square now largest Valeant shareholder

Ruane Cunniff & Goldfarb, manager of the Sequoia Fund, dumped half its Valeant (VRX) position to 16.1 million shares i.e. [Read More]
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Survey: Distressed strategies most attractive hedge fund allocation

BNY Mellon’s “Split Decisions: Institutional Investment in Alternative Assets,” found that 39% of institutional investors plan to allocate more capital [Read More]
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Closing: Everbright Dynamic Opportunities Fund

Hong Kong-based China Everbright is shutting down its China-focused long/short equity hedge fund, Everbright Dynamic Opportunities Fund, and reallocating half [Read More]
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