Shaw Capital Management Investment

The San Diego County Employees Retirement Association (SDCERA) is planning to allocate $200 million to hedge funds.

The pension plan will set aside $100 million to long/short credit hedge fund Saba Capital Management, while the remaining $100 million is geared toward DE Shaw as part of its global macro/CTA portfolio, according to HFMWeek.

SDCERA currently allocates about $1.7 billion to 17 global macro and relative value hedge funds.

The $8bn San Diego County Employees Retirement Association (SDCERA) is set to allocate an additional $200m to hedge fund strategies, HFMWeek can reveal.

The investment committee is due to consider a new $100m investment into long/short credit hedge fund Saba Capital Management as part of its relative value portfolio, and a further $100m allocation to DE Shaw’s Heliant Fund as part of its global macro / CTA portfolio.

According to meeting documents, the two new investments are expected to result in “reduced overall portfolio tracking error”, “more balanced risk contribution”, and “increase diversification”.

Launched in 2009, Saba Capital consists of a diversified portfolio of liquid instruments including corporate bonds, single name and index CDSs, loans and equities. The firm targets net returns of approximately 15%, with volatility ranging between 4% and 6%.

The DE Shaw Heliant fund, which manages around $712m in assets, offers exposure to “several arms of DE Shaw’s macro-related trading strategies”, targeting net returns of around 12% to 13%, and volatility of 12%.

SDCERA currently allocates just under $1.7bn to 17 global macro and relative value hedge funds. The board also approved a $50m allocation to metals-trading hedge fund Red Kite’s RK Mine Finance Fund last month, as first reported by HFMWeek.

Earlier this year, HFMWeek revealed that SDCERA was planning to add seven h...

The San Diego County Employees Retirement Association's investment committee is ready to vote to invest $100 million each in hedge funds run by D.E. Shaw Group and Saba Capital Management.
The $8 billion public pension looks to add that amount to an existing allocation to D.E. Shaw's global macro Heliant Fund, HFMWeek reports. The investment in Saba, founded two years ago by former Deutsche Bank proprietary trader Boaz Weinstein, is a first for SDCERA.
The new investments are designed to reduce portfolio tracking error, increase diversification and balance risks.

Shaw Capital Factoring and Management of Loans Freight Bill factoring Tips - One of the most difficult aspects of managing a trucking company – especially a small trucking company – is the cash flow. Cash flow is all about how money moves through your company. Unfortunately, when you have clients that pay 30 to 60 days after you have shipped for them, the cash flow can become a little strained. This is because, even though your customers have not paid yet, you still have daily expenses: truck maintenance, pay checks to personnel, fuel costs and more. So how do you cover these expenses when you do not have the ready capital to hand? One solution can be freight bill factoring.

Shaw Capital Management Warning Tips

Looking for a loan or credit card but don't think you'll qualify? Turned down by a bank because of your poor credit history?

You may be tempted by ads and websites that guarantee loans or credit cards, regardless of your credit history. The catch comes when you apply for the loan or credit card and find out you have to pay a fee in advance. According to the Federal Trade Commission (FTC), the nation's consumer protection agency, that could be a tip-off to a rip-off. If you're asked to pay a fee for the promise of a loan or credit card, you can count on the fact that you're dealing with a scam artist. More than likely, you'll get an application, or a stored value or debit card, instead of the loan or credit card.

Gold continues to move to the upside

GOLD continues to move to the upside as debt woes continue in both the US and Europe. Recent data confirms that bullish bets on Gold are rising in the hedge fund space and as much as this is a positive it could show that a temporary top is in sight. Gold has moved higher form the US close this morning and we briefly touched on $1,598 before easing back slightly. Gold is currently trading higher by 0.40% at $1,597 in early trade.

By Alice Ross
Published: June 6 2011 22:59 | Last updated: June 6 2011 22:59
Investment products described as “guaranteed”, “protected” or “secure” may have to carry an explanation stating exactly what these terms mean, in the latest warning from the Financial Services Authority that financial companies are not properly advertising risk to consumers.
So-called structured products, which offer people exposure to the stock market with some level of protection, were being promoted “without any clear and adequate justification for the descriptions used”, the regulator said in a quarterly consultation paper on Monday. It has proposed introducing guidelines that would force financial services companies to explain the use of terms such as “guaranteed” in advertisements or fact sheets.

By Alice Ross
Published: June 6 2011 22:59 | Last updated: June 6 2011 22:59
Investment products described as “guaranteed”, “protected” or “secure” may have to carry an explanation stating exactly what these terms mean, in the latest warning from the Financial Services Authority that financial companies are not properly advertising risk to consumers.
So-called structured products, which offer people exposure to the stock market with some level of protection, were being promoted “without any clear and adequate justification for the descriptions used”, the regulator said in a quarterly consultation paper on Monday. It has proposed introducing guidelines that would force financial services companies to explain the use of terms such as “guaranteed” in advertisements or fact sheets.

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Love and marriage, love and marriage, go together like, well, a Broadway veteran and the production of musical theater. Williamson County’s professional Boiler Room Theatre offers it all with I Do! I Do!, a celebration of “old-fashioned matrimony in all its glory and heartbreak,” under the direction of former Broadway performer Scott Logsdon. The piece, a musical adaptation of Jan de Hartog’s play The Fourposter, continues through June 11 at the theater, 230 Franklin Road, Building Six, in the Factory at Franklin.

Performances are at 8 p.m. Tuesdays, Fridays and Saturdays. Shows also are scheduled for 8 p.m. Thursday and June 2, as well as 2 p.m. today and June 5. The “often overlooked” musical, Logsdon says, follows a couple (Sondra Morton and Corbin Green) from wedding night through the next 50 years.