{"id":12513,"date":"2009-10-14T07:27:38","date_gmt":"2009-10-14T11:27:38","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=12513"},"modified":"2009-10-14T07:27:38","modified_gmt":"2009-10-14T11:27:38","slug":"massachusetts-state-fund-drops-4-hedge-fund-firms","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/10\/2009\/massachusetts-state-fund-drops-4-hedge-fund-firms.html","title":{"rendered":"Massachusetts state fund drops 4 hedge fund firms"},"content":{"rendered":"<p>Reuters &#8211; Massachusetts will remove $1.6 billion from hedge fund managers Blackstone, Crestline, EIM Management, and Strategic Investment Group as it shifts its investment strategy after suffering recent heavy losses.<\/p>\n<p>Trustees for the roughly $40 billion fund voted on Tuesday to pull out of four firms that used portable alpha, a once popular technique employed by pension funds to beat markets that underperformed during the financial crisis.<\/p>\n<p>&#8220;This is a strategic shift and not a dissatisfaction with the individual managers,&#8221; said the pension fund&#8217;s chief investment officer, Stanley Mavromates.<\/p>\n<p><a title=\"Read Complete Article\" href=\"http:\/\/www.reuters.com\/article\/companyNews\/idUSN1321117220091013\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters &#8211; Massachusetts will remove $1.6 billion from hedge fund managers Blackstone, Crestline, EIM Management, and Strategic Investment Group as it shifts its investment strategy after suffering recent heavy losses. Trustees for the roughly $40 billion fund voted on Tuesday [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[1742,4726,2222,4385,507],"class_list":["post-12513","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-chief-investment-officer","tag-financial-crisis","tag-hedge-fund-managers","tag-investment-strategy","tag-investment-group"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/12513","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=12513"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/12513\/revisions"}],"predecessor-version":[{"id":12514,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/12513\/revisions\/12514"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=12513"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=12513"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=12513"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}