Among the stories we published this week was news that New York City Comptroller Scott M. Stringer plans to invest an additional $1 billion with emerging managers interested in doing business with New York City's five pension funds.
About halfway down, our story points out that, subject to appropriate due diligence, a newly appointed manager will be an inaugural "emerging manager" committed to investing in hedge funds.
It's been quite a week, on our site at least, for this particular investment class. Last Friday we posted a blog from financial author Rich White called "5 ways to help clients navigate liquid alternatives." The story pointed out that leading hedge fund managers are considering the merits of expanding by launching registered funds.
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