Gangwani named CIO of Legal & General Retirement America; ERISA attorneys hired by Norton Rose Fulbright and Nossaman; Abrdn CEO steps down as asset manager searches for a replacement; and more.
Texas Municipal Retirement System, Austin, committed a total of $594 million to seven existing alternative investment managers on Oct. 26, a transaction report dated Nov. 17 showed.
Investment officers of the $36.4 billion defined benefit plan committed a total of $344 million to five managers…
Infinity Q Capital to liquidate hedge fund due to mispricing
Infinity Q Capital to liquidate hedge fund due to mispricing
The New York Stock Exchange reflected in a window of Federal Hall.
The liquidation of a hedge fund run by troubled manager Infinity Q Capital Management LLC could impact some asset owners because of potential losses from the same mispricing suffered in the firm s mutual fund, said investment consultants who asked not to be named.
The New York-based manager has already liquidated a mutual fund tainted by mispricing of swaps by the firm s CIO but has not publicly disclosed the planned liquidation of its $760 million hedge fund, Infinity Q Volatility Alpha Fund, which the consultants said was also subject to inaccurate valuations.