DIFFERENT VIEW: CDC INVESTMENT EMBRACES HEDGE FUND TRANSPARENCY.

Pensions & Investments,  August, 1999  by Feinberg, Phyllis

Tags: American Airlines, hedge fund, mutual fund, Putnam, strategy

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NEW YORK -- While some hedge fund managers are concerned too much transparency could be bad for their funds, the people who run CDC Investment Management have no problem with it. ``You have to have transparency on a portfolio level to see how our portfolios affect the rest of (a client's) portfolio,'' said Jon Lukomnik, managing director of CDC, which runs a complex of hedge funds.

``Institutional investors have an obligation not just to choose the highest return (investment) but to know what they're investing in,'' said Mr. Lukomnik, who joined CDC in 1998 after serving as ...

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