Posts Tagged ‘Pension Funds
Ivy Closes Amidst Madoff Probe
Ivy Asset Management is being closed amid news that the Bank of New York Mellon is probing the hedge fund’s relationship with Ponzi schemer Bernie Madoff. Ivy clients, including several upstate New York pension funds, reportedly lost more than $100 million in Madoff’s scam. According to FINalternatives, the Bank is encouraging Ivy clients to move [...]
NJ Pensions to Possibly Invest in Hedge Funds
According to a memo prepared for a meeting later this week of the State Investment Council, New Jersey’s $67 billion pension fund may be seeking to increase its investments in hedge funds to insulate against losses in the stock market, Bloomberg reports. The Investment Division manages funds for the state’s seven pension funds, which provide [...]
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