A group of activist investors representing $1 trillion in assets under management are seeking action from the hydraulic fracturing industry due to the increasing level of uncertainty about its potential for environmental damage.
Investors are focused on the wrong objective, trying to keep up with indexes as opposed to trying to minimize volatility by limiting drawdowns, asset owners and managers say.
Arden Asset Management is likely losing its mandate to manage MassPRIM's hedge fund allocation as a fund-of fund manager, but it has assumed a new role for the scheme, helping to transition the scheme's hedge fund assets to direct investments.
Despite the ruckus over new banking regulations, investors should not think these 'trusted partners' are 100% safe, market specialists have been warned.