Texas Employees to invest up to $600M in hedge funds, stupid quants, FATCA concerns and more
By Chris ClairWhat’s news around the hedge fund industry for Tuesday, March 19, 2013:
Around the web
The best golfers on Wall Street. (Clusterstock)
Employees Retirement System of Texas to invest up to $600 million in hedge funds. (Pensions & Investments, via MFA Blog)
JPMorgan hid trades banned by Volcker rule, Senate probe finds. (Bloomberg)
‘They’re just stupid quants, really.’ (Advanced Trading)
Dollars and nuggets part I: Cycles and the big picture. (All About Alpha)
Michael Bloomberg and John Liu’s losing investment. (The New York World)
The lesson of JPMorgan’s ‘Whale’ trade: Nothing was learned. (ProPublica)
FATCA biggest concern of hedge fund directors. (WSJ’s Corruption Currents blog)
Harbinger not shy about Frederick’s of Hollywood. (FINalternatives)
Hedge funds still trail S&P 500: BofAML. (FINalternatives)
JPMorgan ‘Whale’ pushed for ‘young’ trader who later took his job. (Bloomberg)
A failed Whale, and how to fix it. (The Nation)
Derivatives rules could force schemes to abandon hedging strategies: NAPF. (Professional Pensions)
People moves
State Street’s InfraHedge gets Robert Picard as North American president. (FINalternatives)

