{"id":33123,"date":"2012-12-20T00:08:48","date_gmt":"2012-12-20T05:08:48","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=33123"},"modified":"2012-12-19T23:21:08","modified_gmt":"2012-12-20T04:21:08","slug":"15-hedge-funds-to-be-added-to-ny-city-pensions","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/12\/2012\/15-hedge-funds-to-be-added-to-ny-city-pensions.html","title":{"rendered":"15 Hedge Funds To Be Added To NY City Pensions"},"content":{"rendered":"<p><a href=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2012\/12\/images-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-33126\" title=\"images (1)\" src=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2012\/12\/images-1.jpg\" alt=\"\" width=\"295\" height=\"203\" \/><\/a>New York (HedgeCo.Net) &#8211; In an attempt to reduce volatility and\u00a0heighten\u00a0returns, New York City&#8217;s Employees\u2019 Retirement System, Police Department and Fire Department are planning on adding up to 15 hedge fund managers over the next few years.<\/p>\n<blockquote><p><em>Fire Engineering reports:<\/em> &#8220;The goal is 8-10% net return per year with 5-7% volatility.\u00a0About $3.5 billion has been approved for hedge funds of which $1.7 billion has already been allocated.\u00a0The three pensions are focusing on event driven strategies as they have recently allocated to commodity trading advisors, global macro and relative value managers.&#8221;<\/p><\/blockquote>\n<p>Allocations of $100-$350 million are expected.\u00a0A $450 million allocation was made to Permal Asset Management (fund of funds) in 2011. In March 2012, direct investments of $350 million each were made to Brevan Howard Asset Management (global macro) and DE Shaw (multi-strategy). A $200 million allocation was made to Brigade Capital Management (credit). Caspian Capital Advisors (multi-strategy) and BlueCrest Capital\u2019s BlueTrend fund (systematic) also received allocations this year.<\/p>\n<p>Editing by Alex Akesson<br \/>\nFor <a title=\"hedge funds\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.net<\/a><br \/>\n<a href=\"mailto:alex@hedgeco.net\">alex@hedgeco.net<\/a><br \/>\n<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.Net<\/a> is a premier <a title=\"hedge fund database\" href=\"http:\/\/www.hedgeco.net\">hedge fund database<\/a> and community for qualified and accredited investors only. Membership in <a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.net<\/a> is FREE and EASY. We also offer FREE LISTINGS for <a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">Hedge Funds<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York (HedgeCo.Net) &#8211; In an attempt to reduce volatility and\u00a0heighten\u00a0returns, New York City&#8217;s Employees\u2019 Retirement System, Police Department and Fire Department are planning on adding up to 15 hedge fund managers over the next few years. Fire Engineering reports: [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16044,3],"tags":[],"class_list":["post-33123","post","type-post","status-publish","format-standard","hentry","category-hedge-fund-strategies-2","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/33123","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=33123"}],"version-history":[{"count":4,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/33123\/revisions"}],"predecessor-version":[{"id":33128,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/33123\/revisions\/33128"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=33123"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=33123"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=33123"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}