{"id":5756,"date":"2007-03-02T00:00:00","date_gmt":"2007-03-02T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"johnson-taps-into-hedge-fund-of-funds","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/03\/2007\/johnson-taps-into-hedge-fund-of-funds.html","title":{"rendered":"Johnson Taps Into Hedge Fund Of Funds"},"content":{"rendered":"<p>  Billionaire and Black Entertainment Television founder Robert L. Johnson has formed a new yet unnamed fund company with African American asset managers in mind.<\/p>\n<p>  Johnson says his new hedge fund venture with Deutsche Bank AG is designed to create opportunities and ensure that &#8220;African Americans have an opportunity to manage the wealth of this nation.&#8221;<\/p>\n<p>  The company, which is marketed to public and private pension funds and institutions, will operate, invest, manage, and allocate money to hedge funds of funds.<\/p>\n<p>  Hedge funds of funds &#8220;seek above-average returns while mitigating risks on the other end,&#8221; says Stephen T. Washington, managing director of Cleveland-based Black Wealth Network. Hedge funds of  funds offer an infinite number of investment strategies, Washington says, adding that &#8220;a lot of pension funds utilize funds of funds.&#8221;<\/p>\n<p>  &nbsp;<\/p>\n<p>  <strong><a href=\"http:\/\/www.blackenterprise.com\/ArchiveOpen.asp?Source=ArchiveTab\/2006\/03\/0306-06.htm\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Billionaire and Black Entertainment Television founder Robert L. Johnson has formed a new yet unnamed fund company with African American asset managers in mind. Johnson says his new hedge fund venture with Deutsche Bank AG is designed to create opportunities [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-5756","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/5756","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=5756"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/5756\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=5756"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=5756"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=5756"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}