A new hedge: First Quadrant rushes in where many fear to tread with Premier fund.(Brief Article)(Statistical Data Included)

Pensions & Investments, June, 2000 by Anand, Vineeta

First Quadrant can't get enough of hedge funds, even as dozens of other hedge fund operators have been rushing for the exits. The Pasadena, Calif.-based money manager is planning to roll out a hedge fund that will combine its domestic and international market-neutral and long-short strategies into an in-house fund of funds, said Robert D.

Arnott, president and chief executive officer. The Premier Fund, as the new fund will be called, will combine the firm's global futures, global currencies and global tactical options long-short strategies, as well as its international and domestic market-neutral strategies, using an optimizer to reduce risk, he said. Mr. Arnott hopes the new fund, which will use leverage, will top off at around $1 billion. "We have a...

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