Mobile UPI  |   About UPI  |   UPI en Español  |   UPI Arabic  |   UPIU  |   My Account
Search:
Go

Business News

CalPERS probes oversight of two outside hedge fund advisors

Nov. 25, 2009
The firms were working without required contracts. The official who oversees the pension fund's $5.8-billion hedge fund portfolio reportedly was disciplined. California's huge public employee pension fund, under scrutiny after suffering billions of dollars in investment losses, is now...
Related Stories from UPI.com

Hedge fund exec to pay $12M in fraud case

NEW YORK, April 15 (UPI) -- Unsealed court records in New York revealed hedge fund executive Barrett Wissman has pleaded guilty to felony fraud involving the state's pension fund.

Calpers seeks hedge fund concessions

NEW YORK, March 28 (UPI) -- The California public pension Calpers is demanding that the hedge funds in which it invests give it better terms, such as lower prices, a memo indicates.

Hedge-fund copycat disappointing

NEW YORK, Jan. 31 (UPI) -- Hedge-fund copycat products are not living up to their billing, often posting smaller gains than the indexes they track, New York hedge-fund managers say.

U.S. Senate summons hedge fund leaders

WASHINGTON, March 22 (UPI) -- U.S. hedge fund managers have been invited to talk with a U.S. Senate Banking panel to discuss possible regulation of their business.

Some question hedge funds for pensions

NEW YORK, Nov. 27 (UPI) -- In an effort to boost returns for U.S. pensions funds, more pension administrators are investing in hedge funds, but some question their appropriateness.

Islamic hedge fund takes off

WASHINGTON, Oct. 11 (UPI) -- An Islamic hedge fund that complies with Shariah law, managed by Connecticut-based Meyer Capital, has been launched, the Financial Times reports.

Islamic hedge fund takes off

WASHINGTON, Oct. 11 (UPI) -- An Islamic hedge fund that complies with Shariah law, managed by Connecticut-based Meyer Capital, has been launched, the Financial Times reports.

Pension fund imposes conflict policy

SACRAMENTO, Aug. 19 (UPI) --
1 of 25
President Obama awards the Presidential Medal of Freedom in Washington
View Caption
President Barack Obama awards the the Presidential Medal of Freedom to singer/songwriter Bob Dylan during a ceremony in the East Room at the White House in Washington on May 29, 2012. The Medal of Freedom is our NationÕs highest civilian honor, presented to individuals who have made especially meritorious contributions to the security or national interests of the United States, to world peace, or to cultural or other significant public or private endeavors. UPI/Kevin Dietsch