trending Market Intelligence /marketintelligence/en/news-insights/trending/1_q2u8dfnamxjzonf1swdw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In this list

NYCERS to exit hedge fund investments

Early Q4'19 Results Point To 6 Million-Plus Multichannel Subscriber Drop In 2019

IFRS 9: Time is Running Out for Insurance Companies to Comply

5 Quant Research Traps to Avoid

S&P Global Market Intelligence

Wind Power by the Numbers: U.S., Canada and Mexico


NYCERS to exit hedge fund investments

New York City Employees'Retirement System's board has determined to exit all hedge fund investments,such as those in Brevan Howard and D.E. Shaw, in light of consultants' advice thatthe public pension can obtain targeted investment returns from funds that are lessrisky, Reuters reported April 14.

The hedge fund fees paid by NYCERS reached almost $40 millionin its 2015 financial year, Reuters noted, citing the public pension's financialreport. However, the public pension's hedge fund portfolio returned 3.89% over theyear.

Unaudited data from the city comptroller's office indicated thatthe hedge fund exposure of NYCERS was $1.4 billion as of Jan. 31, according to thereport. The public pension had $51.2 billion in assets as of Jan. 31, the news outletsaid.